By FXEmpire.com
Analysis and Recommendation:
The NZD/USD is up today trading at 0.7912 aiming at the all impressive 80 number again. The pair added 0.29% since yesterday.
The kiwi has risen against the greenback ahead of the central bank’s review of interest rates.
The kiwi benefited from a slight improvement in risk appetite overnight after European Central Bank council member Ewald Nowotny argued the region’s rescue fund should get a banking license.
The Reserve Bank of New Zealand is expected to keep the official cash rate at 2.5 per cent at its monthly review.
FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports.
Economic Data July 26, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jul. 26 |
KRW |
South Korean GDP (QoQ) |
0.4% |
0.5% |
0.9% |
|
KRW |
South Korean GDP (YoY) |
2.4% |
2.6% |
2.8% |
|
|
JPY |
CSPI (YoY) |
-0.3% |
0.0% |
0.1% |
|
|
JPY |
BoJ Governor Shirakawa Speaks |
||||
|
SGD |
Singaporean Industrial Production (YoY) |
7.6% |
3.2% |
6.8% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 27 |
12:30 |
USD |
1.9% |
|
|
13:55 |
USD |
72.0 |
Click here a current NZD/USD Chart.
Originally posted here
