NZD/USD Forecast Dec. 14, 2011, Fundamental Analysis

The NZD/USD pair advanced slightly early Tuesday after it reached its lowest level in ten days, where the US dollar retreated against the euro and other major currencies.

The Kiwi advanced in a correction movement against greenback, where the current sentiment supported the lower-yielding currencies which in roll may end this correction quickly.

On Wednesday at 21:30 GMT, the New Zealand economy will issue the Business NZ PMI for November, where it had a prior reading of 46.5.

At 13:30 GMT, the U.S. economy will release the Import Price Index for November, which had a previous reading of –0.6% and expected to come at 0.9%.

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