The NZD/USD pair started the week with losses, where the Kiwi lost more ground against the US dollar, as concerns increased regarding the EU debt crisis
Expectations remain for a weaker New Zealand dollar since the RBNZ announced their decision to keep the interest rate steady at its lowest level of 2.50%, in addition to the comfortable tone regarding the current inflation pressure.
The U.S. economy will release the Housing Starts for November at 13:30 GMT, where it’s expected to show a rise of 0.3% to 630 thousand compare to the prior drop of 0.3%.
As for the U.S. Building Permits it’s expected to drop 1.4% to 635 thousand from 653 thousand.
