By FX Empire.com
The euro area crisis continues to dominate markets with swings in sentiment producing corresponding moves in asset prices; nevertheless, with signs of progress after the weekend summit and broad lines of a plan eased the woes slightly.
The commodities prices increased, which supported the New Zealand’s currency to gain versus the American dollar, also it increased after data showed consumer confidence rose.
The New Zealand currency, nicknamed the Kiwi, increased against major currencies; while it continued its upside movement versus the US dollar after Asian stock markets rose, increasing demand for higher yielding currencies.
On Tuesday, the U.S. economy will release the Consumer Confidence for October at 14:00 GMT, where it’s expected to come at 46.3 from the previous 45.4. The House Price Index for August is due at 14:00 GMT which had a previous reading of 0.8%.
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