The NZD/USD pair traded in a narrow range early Tuesday, as the low volume and the absence of fundamentals from the New Zealand with the markets still
NZD/USD Forecast Dec. 28, 2011, Fundamental AnalysisThe NZD/USD pair traded in a narrow range early Tuesday, as the low volume and the absence of fundamentals from the New Zealand with the markets still closed reduced demand for the Kiwi.
The cheerful data could increase demand for higher-yielding currencies due to risk appetite, but the lower volume in the FX market on the other hand will limit the effect on the currencies.
On Wednesday, both economics will not release any major fundamentals, where the pair’s movement will depend on the market sentiment.
