The Australian economy released the Producer Price Index (PPI), a preliminary indicator of inflationary pressures, which showed a slowdown in growth to 0.4% from 0.5% in the fourth quarter of last year. In line with expectations of the same rate. Up from 2.0% in the previous quarter.

The New Zealand dollar rose during the Asian session, witnessing its rebound for the second consecutive session from its lowest since early November against the US dollar, following developments and economic data by the New Zealand economy and on the threshold of developments and economic data expected today by the US economy, the world's largest economy.

As of 02:38 GMT, NZD/USD rose 0.27% to $0.6644 compared with the opening at $0.6626, after reaching a high of $0.6645 and a low of $0.6617.

We have followed the New Zealand economy releasing the reading of March's Trade Balance indicator, which showed a surplus of 922 million NZD versus a deficit of 68 million NZD in February, better than the forecast that indicated a surplus of 131 million NZD.

On the other hand, investors are looking for the US economy to release the preliminary reading of GDP for the first quarter, which may show a stability of the largest economy in the world at 2.2%, unchanged from the previous quarter, while the preliminary reading of GDP price-adjusted may reflect a slowing growth to 1.3% versus 1.8% in the fourth quarter of last year.

This comes ahead of the final reading of the University of Michigan consumer confidence index, which may reflect a widening to 97.1 compared with the April reading of 96.9 versus 98.4 in March, to the release of the US Treasury Department's semi-annual report on International economic policies and exchange rates.

The New Zealand economy released today its reading of March's Trade Balance index, which showed a surplus of 922 million NZD versus a deficit of 68 million NZD in February, better than forecasts of a surplus at 131 million NZD.

In the same context, Exports rose to 5.70 billion NZD from 4.82 billion NZD in February, higher than forecasts of 5.30 billion NZD, while imports showed a drop of 1 billion NZD, to 4.77 billion NZD from 4.80 billion NZD, worse than the expectations of 5.15 billion NZD.

Silver fell in today's trading unlike gold as the dollar gained against most major currencies, as the markets shifted their focus on corporate results.

The dollar index rose by 0.1% to 98.1 points at 18:41 GMT, reaching a day high of 98.3 points and a low of 97.9 points.

The markets are still anticipating more results on the trade negotiations between the US and Chian as a new round of trade talks between the two countries will start on April 30 in Beijing, followed by another round in Washington.

This comes with the emphasis of US and Chinese officials to make further progress in trade negotiations and that they are close to concluding a final trade agreement.

Silver futures (May delivery) fell by 0.3% to close at $14.879 an ounce, the metal hit a high of $14.975 and a low of $14.815.