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New Zealand's Producer Price Index (PPI) beat expectations, printing higher than forecasts for both the Output and Input components, but still receded from the previous quarter's figures.
The NZD/USD pair snaps the five-day winning streak above the mid-0.6100s during the early Asian session on Wednesday.
After hitting an interim low in October last year, AUD/USD and NZD/USD have recovered somewhat, but are still trading well below last year's interim highs.
New Zealand's Business NZ Purchasing Manager's Index (PMI) climbed to 47.3 in January, but still remains stuck in contraction territory after a meager lift from the previous month's 43.1.
NZD/USD rebounds from the recent low at 0.6049 marked on Tuesday, recovering the losses and trading around 0.6080 during the European session on Wednesday.