By FX Empire.com
The NZD/USD pair advanced last week as greenback retreated against most of its major counterparts with the improved risk appetite.
The EU leaders pledged to contain the debt crisis and prevent it from spreading to other countries. The market sentiment improved which encouraged investors to increase demand for the higher-yielding currencies pushing Kiwi to the upside against the greenback.
On Monday, the New Zealand economy starts the data with the September performance services index at 21:30 GMT (Sunday) after it recorded 53.9 in August.
The U.S. economy will release the Empire Manufacturing survey for October at 12:30 GMT where the index is expected to improve to -4.0 from -8.82.
The Industrial Production for September will be released from the U.S. economy at 13:15 GMT and expected to maintain the same expansionary pace as the previous month of 0.2%. On the other hand, the Capacity Utilization is expected to rise to 77.5% from 77.4%.
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