NZD/USD Weekly Fundamental Analysis- November 30 – December 4, 2015 – Forecast

The NZD/USD closed the week at 0.6533 as Asian currencies were all bleeding red as the greenback soared to near record highs ahead of this week’s NFP as traders factor in a rate increase later in December. The kiwi ended the week down 0.52% as China’s stock markets plunged on Friday as the government regulators began new investigations. Trading activity tapered off in the tail-end of the week with the US holiday scaling back activity and leaving markets illiquid. That exacerbated reluctance from investors to take strong positions with central bank reviews in Australia, Europe, New Zealand and the US coming up over the next three weeks. While Australia, Europe and New Zealand are all seen as having a tilt towards looser monetary policy, the Federal Reserve is tipped to start raising interest rates.

Reserve Bank data today showed New Zealand’s central bank was a net seller of kiwi dollars in October for the first time since April, selling a net $17 million in the month. The Reserve Bank buys and sells currencies through the course of its operations.

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 recent analysis and information in our weekly reports and we provide daily updates and outlooks.

Major Economic Events for the week:

Upcoming Government Bond Auctions

Date Time Country 

Dec 01 11:30 UK 1.5% 2021 Gilt auction

Dec 02 16:30 Sweden Announces details of Bond on 11 Dec

Dec 03 10:30 Spain Auctions

Dec 03 10:50 France Auctions OATs

Dec 03 11:03 Sweden Holds I/L bond auction

Dec 04 11:03 Sweden Holds I/L bond auction