This week is expected to be a big one for the Japanese, with an economic data release due nearly every day this week. After ending last week on a high, gaining back 1% against sterling, they will hope for more of the same with their Monetary Policy Meeting Minutes being released on Wednesday.
After a fall of nearly 4% against sterling last week, the New Zealand dollar will be looking for a better week ahead. Early week releases, including credit card spending, are unlikely to affect its strength too much – but the trade balance due on Thursday is the most likely to cause any real movement. With figures forecast to be much worse than last month, they will be praying that data matches at least expectation – or we could see further weakening of the New Zealand dollar.
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