NZD/USD Fundamental Analysis September 7, 2012, Forecast

Analysis and Recommendation:

The NZD/USD is trading this morning at 0.7966 adding a few pips, on the weakness of the greenback, as monetary stimulus in the US come the next FOMC meeting is more likely. A disappointing ISM print added to the worries of the economy and global growth.

The New Zealand dollar held its gains against the Australian dollar after data across the Tasman showed economic growth just undershot forecasts with consumption weaker than expected. While the kiwi slipped against a strong euro.

Market focus will remain on the ECB announcements due later this today

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 September 6, 2012 actual v. forecast

 

Upcoming Economic Events that affect the AUD, NZD, JPY and USD

Government Bond Auction

 Date    Time   Country 

Sep 07 15:30 Italy

Sep 10 09:30 Germany 

Sep 10 15:30 Italy