NZD/USD climbs to a new five-day high after forming a bullish engulfing candlestick pattern that exacerbated a jump of 80-plus pips on Thursday. The downtrend in inflation in the United States (US), alongside a cooling labor market, are the main reasons for today’s US Dollar (USD) weakness. The NZD/USD is trading at around 0.6290 after hitting a low of 0.6203.