17 Aug 2015
NZD/USD rises modestly, sill below 0.6600
FXStreet (Córdoba) - NZD/USD gained momentum during the last hours and extended gains. The pair printed a fresh daily high at 0.6579. It remains trading near the highs, above 0.6570.
Despite today’s gains, NZD/USD remains limited, attempting to recover after ending lower last week. The outlook remains sideways with the pair holding above 0.6500 and unable to consolidate on top of 0.6600.
Wednesday, key day for NZD/USD
In the US, the main report today was the NY Empire manufacturing index, that dropped from 3.86 to -14.92 in August, weakening the US dollar. Tomorrow will be the turn of housing data. While on Wednesday attention will lie on the CPI index and Federal Reserve minutes.
In New Zealand, on Wednesday, inflation information from the second quarter will be release. And on Tuesday the GDT index (a measure of dairy price products) that could impact the pair.
Despite today’s gains, NZD/USD remains limited, attempting to recover after ending lower last week. The outlook remains sideways with the pair holding above 0.6500 and unable to consolidate on top of 0.6600.
Wednesday, key day for NZD/USD
In the US, the main report today was the NY Empire manufacturing index, that dropped from 3.86 to -14.92 in August, weakening the US dollar. Tomorrow will be the turn of housing data. While on Wednesday attention will lie on the CPI index and Federal Reserve minutes.
In New Zealand, on Wednesday, inflation information from the second quarter will be release. And on Tuesday the GDT index (a measure of dairy price products) that could impact the pair.