The NZD/USD is seeing some consolidation in the short term after slipping from the last swing high into 0.5985. The Kiwi (NZD) has recovered 2% agains
The NZD/USD rebounded in Monday action, ending the day just south of 0.5970 after falling to 0.5940.The economic calendar for this week is decidedly USD-heavy.
The Kiwi has recovered 2% against the US Dollar from September's lows near 0.5850, but remains firmly bearish, down over 7% from July's peak near the 0.6400 handle. Improving GDP growth figures could see further gains for the US Dollar if the numbers manage to meet or beat forecasts., followed by New Zealand's only representation on the economic calendar this week with mid-tier consumer confidence figures.
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