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Forex pairs in this Article » NZD/USD (Barcelona) - The NZ economic calendar ramps up next (week, which will be a welcome departure from the muted newswires in the region as of late. The main risk for the NZD will be Q4 CPI inflation( (Friday), as we are expecting zero quarterly change (Q4 is seasonally low), which would produce an annual rate of 1.2%, predicts Global Strategist Sean Callow at Westpac. Other releases include quarterly business confidence and electronic spending (both Monday), food prices (Tuesday), NZGB offshore holdings (Wednesday), monthly consumer confidence (Thursday), and REINZ housing data sometime during the week, while the GlobalDairyTrade milk auction is on Wednesday.

According to Callow, "The NZDUSD remains in an uptrend since June, defined( by its ascending peaks and troughs. We expect 0.8477 to( be tested during the month ahead so long as NZ's economic recovery remains on track, with the Canterbury rebuild starting to contribute significantly. China's recovery augurs well for( NZ commodity prices, and the lull in the Eurozone crisis is supporting sentiment globally.
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