By FX Empire.com
The New Zealand dollar declined against the US counterpart after the nation’s consumer confidence declined in the third quarter, ahead of the awaited steady rate decision from the RBNZ.
The nation’s inflation rate excluding the effect of a higher sales tax, was lower than central bank Governor Alan Bollard’s forecast last month.
New Zealand’s currency rose to a one-month high after Chinese manufacturing expanded the regional export outlook and on speculation Europe will contain its debt crisis, cooling demand for the safety of greenback.
On Wednesday at 00:00 GMT, New Zealand will issue the NBNZ Activity Outlook for October, where the previous reading was 35.4. The NBNZ Business Confidence for October will be released at the same time, and it had a prior reading of 30.3.
At 12:30 GMT, the U.S. economy will release the Durable Goods Orders for September, where it’s expected to come at -0.7% from the previous -0.1%, while Durables Excluding Transportation is expected to come at 0.5% from the previous -0.1%.
New Home Sales for September will released at 14:00 GMT, with a previous reading of 295 thousand and it’s expected to rise to 300 thousand by 1.7%.
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