News from China regarding the Zhongzhi Enterprise Group's collapse could hinder the recovery of the New Zealand Dollar (NZD) with its substantial $64 billion debt, raising concerns about a major financial debt crisis.

Raphael W. Bostic, Fed Chair of the Atlanta branch, expects two interest rate cuts by the end of 2023, indicating the Fed's ongoing concern about inflation. In contrast, Federal Reserve Governor Michelle W. Bowman stated that current monetary policy is adequate to withstand future interest rate pressures and the likelihood of interest rate cuts increases if inflation approaches the 2% target.

Investors are awaiting New Zealand's building permits data. Additionally, the United States' Consumer Price Index (CPI) data, set to be released on Thursday, will impact the NZD/USD pair. China's Consumer Price Index (CPI) and Producer Price Index (PPI) numbers, scheduled for Friday, are also anticipated to affect the New Zealand Dollar similarly.