Recovering from series earthquakes of 40 billion New Zealand dollar in damage, New Zealand is economy is expanding with steady steps, Q1 2014 Current Account expand +193.06 %, Employment Rate Q2 2014 increased +0.43 % all fundamental are green reflecting a steady growth.
With the +25.00 bps Official Cash Rate July 24, NZDUSD was falling during the last 7 weeks, as a result of USD bull summer wave, now all eyes will be on fundamentals releases from New Zealand and NZDUSD might be on a rest before proceeding it’s bullish wave to record a new highest high of all times.
While all majors still far from highest highs of 2008 financial crisis, NZDUSD passed 2008 levels and currently above 0.8 less than 600 pips from 0.9
Provided by Fxhighway LLC