The NZD/USD pair fell last week amid the current fears in financial markets, which reduced demand for the higher-yielding assets and open the way for the greenback to record more gains.
The expectations are for further decline for the NZD/USD pair, where the current market sentiment and the RBNZ outlook did not support the Kiwi or higher-yielding assets.
The week will start in Asia with continued reaction to the final details from Brussels after Wall Street and Europe attempted to find the support in the measures from extending the support to the IMF to the new intergovernmental pact for the euro area and other nations that might join excluding UK. The support is there but not as strong and accordingly fluctuations will be evident this week.
On Monday at 21:00 GMT, the New Zealand economy will release the Westpac NZ Consumer Confidence for the fourth quarter where the previous reading was 112.
The U.S. economy will release the Monthly Budget Statement for November at 19:00 GMT where the deficit is expected to wider to $150 billion from $98.5 billion.
Originally posted here
