NZD/USD sets a new low for 2023 of 0.5772 before seeing a soft rebound

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• The NZD/USD caught some much-needed lift on Thursday after setting a new eleven-month low.
• NZ’s Roy Morgan Consumer Confidence for October improved slightly.
• Markets are turning towards Friday’s US PCE Index release to close out the trading week.

The NZD/USD set a fresh low of 0.5772 for 2023, the pair’s lowest bid since November of last year. After chalking in a new yearly low, the Kiwi (NZD) caught a much-needed rebound and heads into the Friday Asia market session trading near 0.5820.