NZD/USD Fundamental Analysis December 6, 2012, Forecast

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Updated: Aug 21, 2015, 00:00 UTC

Analysis and Recommendation: The NZD/USD climbed along with the other commodity currencies to trade at 0.8252 up by 14 pips. The kiwi held gains in the

NZD/USD Fundamental Analysis December 6, 2012, Forecast

Analysis and Recommendation:

The NZD/USD climbed along with the other commodity currencies to trade at 0.8252 up by 14 pips. The kiwi held gains in the local trading session as traders prepare for Reserve Bank governor Graeme Wheeler’s maiden monetary policy statement, where he’s expected to keep interest rates on hold. BNZ governor Wheeler is expected to keep the official cash rate at 2.5 percent in his first full monetary policy review, while noting the deteriorating economic data in recent months. Traders are anticipating Wheeler will talk about the currency after he told reporters last month at the financial stability review he would discuss the kiwi at tomorrow’s MPS.

The USD remains weak as the financial uncertainties weigh on the greenback. With democrats and republicans pushing their own solutions and platforms, politicking is at a high. Markets are sure that a last minute compromise will be made, but as always, US politicians argue up to the last minute.

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 December 5, 2012 actual v. forecast