The NZD/USD pair covered some of its previous losses last week, as the US dollar dropped against most of its major counterparts due to the risk appetite that reduced demand for safer assets.
The current market sentiment witnessed a little improvement on the back of the cheerful U.S. economic data, but caution still exists as the debt crisis remains the overall focus.
On Tuesday at 15:00 GMT the U.S. economy will release the Consumer Confidence for December, where it’s expected to rise to 58.5 from 56.0.
Originally posted here
