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United States EIA Natural Gas Storage Change above forecasts (115B) in May 16: Actual (120B)

United States Existing Home Sales (MoM) registered at 4M, below expectations (4.1M) in April

United States Existing Home Sales (MoM) registered at 4M, below expectations (4.1M) in April
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NZD/USD Price Forecast: Slides to near 0.5900

The NZD/USD pair falls to near the round level of 0.5900 during North American trading hours on Thursday. The Kiwi pair slumps after the release of the stronger-than-projected United States (US) Purchasing Managers’ Index (PMI) data for May.
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