NZD/USD flattens out near 0.6140 after testing 11-week high

• Easing Greenback pressure gives Kiwi another leg into fresh highs.
• Momentum remains thin as NZD rtaders grapple with a lack of data.
• US GDP, PCE inflation prints to dominate the last half of the trading week.

NZD/USD eased back into the 0.6140 level in early Wednesday trading as Kiwi traders await a reason to move. The economic calendar is notably thin except for the NZ government’s latest Budget Release on Thursday, leaving NZD traders adrift until Friday’s speech from Reserve Bank of New Zealand (RBNZ) Governor Orr.

US data in the back half of the trading week will drive investor sentiment with an update to US quarterly Gross Domestic Product (GDP) and the latest print of Personal Consumption Expenditure (PCE) Price Index inflation.