Forex Flash: NZD/USD to have rough road to Christmas – Westpac

FXstreet.com (Barcelona) - "The NZDUSD is locked inside a 0.8050-0.8310 range, however we suspect it will ultimately test the downside, given our negative expectations around the key global events (Greek funding and US fiscal cliff) during the weeks ahead - further NZ Q3 data disappointments should also weigh until Christmas." warns Sean Callow, a Global Strategist at Westpac.

The highlight next week is the RBNZ's inflation expectations survey (Tuesday). New Governor Wheeler has signaled he is paying close attention to forward-looking inflation indicators, rather than backward-look actuals. The survey's key "2yr ahead" indicator should fall towards 2.0% but that is already forecast by the RBNZ so market impact should be muted. Other releases include the trade balance (Tuesday), business confidence (Thursday, the detail also important for RBNZ policy), and building permits and monetary aggregates (Friday).