NZD/USD attracts some buyers above 0.6100 amid the US Dollar weakness

NZD/USD gathers strength around 0.6110 in Thursday’s early Asian session, up 0.12% on the day. US ISM Services PMI came in weaker than expected, dropping to 48.8 in June from 53.8 in May. The RBNZ is expected to leave its OCR unchanged at 5.5% at its policy meeting next week. The pair edges higher as the Greenback came under heavy bearish pressure after the disappointing US ISM Services PMI report.The US markets will be closed on Thursday due toIndependence Day.

Still, there are some unique particularities that also can make NZD move. The performance of the Chinese economy tends to move the Kiwi because China is New Zealand’s biggest trading partner. Bad news for the Chinese economy likely means less New Zealand exports to the country, hitting the economy and thus its currency. Another factor moving NZD is dairy prices as the dairy industry is New Zealand’s main export.

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