By FX Empire.com
New Zealand’s currency pared its losses as Asian stocks gained on speculation German lawmakers will approve a measure to expand a bailout fund for Europe’s debt-stricken nations.
Nevertheless, New Zealand dollar (Kiwi) rose against the US dollar as Reserve Bank Governor Alan Bollard said policy makers are better positioned than many peers to whether any fallout from the European and U.S. fiscal crises.
On Wednesday, at 23:00 GMT (Tuesday) New Zealand economy will issue its house price index for the year ended September after it inclined slightly by 0.1% in August.
Moreover, at 00:00 GMT NZD Consumer Confidence for October is due where the prior reading plunged by 0.6% in September.
At 18:00 GMT, the Federal Reserve Bank will release the minutes of its September 20 FOMC meeting.
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