The NZD/USD pair advanced last week to trade near its highest level in six weeks, as the risk appetite droved investors to increase demand for higher-yielding currencies such as the Kiwi.
The New Zealand dollar was able to record gains against the greenback, amid the current market sentiment which encourage more investment in the risky assets.
The EU summit announcement helped fuel confidence and the risk appetite, while the stable outlook for the New Zealand economy increased chances for the Kiwi to record gains against the US dollar.
On Monday, the New Zealand economy is to start the week’s fundamental data with the building permits index for September at 21:45 GMT (Sunday), after in August it surged 12.5%.
At 02:00 GMT, New Zealand will issue the money supply M3 for the year ending September where the preceding reading inclined 5.5%.
At 13:45 GMT, the U.S. economy will release the Chicago Purchasing Manager for October which is expected to ease to 59.0 from 60.4.
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