The NZD/USD pair was little changed on Thursday, as the Reserve Bank of New Zealand kept the rate steady at 2.50%.
The central bank cleared that the domestic demand is growing at a moderate pace, while uncertainty dominates the global economic outlook due to the current EU debt crisis.
Kiwi was little changed against the greenback and the yen as the decision was highly expected in the market, as the RBNZ is following a wait and see approach since inflation is in the comfortable zone, while the nation’s growth needs more support.
On Friday at 00:00 GMT, the New Zealand will release the ANZ Consumer Confidence Index for December, which had a prior reading of 109, while the monthly ANZ Consumer Confidence for December had a previous reading of -2.9%.
The U.S. economy will release the Trade Balance for October, where it’s expected to show a deficit of $44.0 billion widening from the previous deficit of $43.1 billion.
The University of Michigan Confidence for December will be released at 14:55 GMT and expected to slow to 63.0 from 64.1.
Originally posted here
