By ForexMansion.com
The pair was able to rise during the last week to cover its previous losses, as the economy expanded in the fourth quarter more than expected.
The New Zealand dollar could lose upside momentum during the next week in case we see any new developments in the crisis of Japan, especially nuclear crisis in Fukushima. The risk appetite will decline which directly will affect kiwi as a risky high yielder as well will be pressured by commodities which will decline as well.
The Trade balance data during the month of February will be released on Monday, as it expected with witnessed a surplus of $11 million.
Building permits Index for the month of February will be released on Tuesday which has seen an earlier rise of 9.6%.
Wednesday we await the NBNZ Business confidence index for the month of March after the previous month’s 34.5.
