The New Zealand dollar is trying to gain momentum after the New Zealand inflation data

The New Zealand's dollar slightly rose against the U.S. dollar directly after the New Zealand economy announced that the PPI input and output were decreased, where the NZD/USD pair is currently trading around the level of $0.7656 compared with the level of $0.7646 traded earlier before the news were released.

On the other hand, the .U.S. dollar rose against its major counterparts as a result of the chronic fears from the global markets especially after the rating agency "Fitch" announced that the U.S banks' rating might be affected by the escalating European debt crisis, which led the U.S. stocks to decline before closing.