The NZD/USD pair continued its free fall for the fourth straight week as investors abandoned higher yielding currencies and focus on the safe haven currencies such as the US dollar.
The NZD/USD pair is to record more losses during the upcoming periodd, as the current market sentiment in addition to the slowdown in top economies are increasing fears among traders and drive them to safe assets.
At 15:00 GMT, the U.S. economy will release the Existing Home Sales for October, where it’s expected to come at 4.80 million down by 2.2% from the previous reading of 4.91 million which is down by 3.0%.
Originally posted here
