By FX Empire.com
The NZD/USD pair retreated last week due to the risk aversion which drove investors to abandon higher-yielding currencies such as the Kiwi and shift to safe haven currencies such as the greenback.
Expectations refer to further losses for the pair during the upcoming period, since the EU crisis and the U.S. economy slowdown are still the dominant fear, which will drive investors to shift to the lower-yielding currencies such as the dollar as a safe haven.
On Monday at 21:30 GMT (Sunday), New Zealand will issue the Performance Services Index for October, where it had a previous reading of 53.2.
At 21:45 GMT the New Zealand economy will issue the Retail Sales excluding Inflation for the third quarter, where it had a prior reading of 0.9%.
Originally posted here
