The NZD/USD pair advanced to its highest level in three weeks with the end of 2011, while thin trading controlled the FX market with the beginning of the week, dragging the pair in to sideway trading channel.
On the other hand, the Feds will release the FOMC minutes for December 13 meeting during the week, where the central bank will clear the reasons behind maintaining the monetary policy unchanged.
On Tuesday at 15:00 GMT, the U.S. economy will release the Construction Spending for November, where the previous reading was 0.8% and it’s expected to come at 0.5%.
The ISM Manufacturing for December will be up at the same time, and it’s expected to come at 53.2 from the prior 52.7.
On the other hand, the Federal Reserve Bank of America will release the FOMC minutes for Dec. 13 meeting at 19:00 GMT, where the bank statement will affect the pair’s movements.
Originally posted here
