By FX Empire.com
The NZD/USD pair continued to trend south amid the heightened uncertainty in Europe and worsening Italian stance as yields surged and assured the deepening crisis and spreading contagion amid the political instability in the euro area’s debt-laden nations.
The current sentiment is controlling the NZD/USD pair and pressured it south on a strong dollar and wide risk aversion, as investors closely eye developments from Italy and also the final parliament from Greece.
On Thursday at 20:30 GMT (Wednesday), New Zealand will release the Business NZ Performance of Manufacturing Index for October, where the prior reading was 50.8.
The ANZ Consumer Confidence Index for November will be released at the same time, where it had a previous reading of 112.2
At 12:30 GMT, the U.S. economy will release the Import Price Index for October, which had a previous reading of 0.3% and it’s expected to come at 0.3%, on the other hand the annual Import Price Index had a prior reading of 13.4%.
Trade Balance for September will be released at the same time, where the previous deficit was $ 45.6 billion and expected to widen to $46.0 billion.
At 12:30 GMT, the U.S. economy will release its weekly initial claims numbers, where the number of people filing for first-time claims for the state unemployment insurance dropped to 397 thousand last week.
Originally posted here
