NZD/USD Rises on US & Europe’s Fundamentals

The New Zealand dollar edged higher today after the fundamental reports from Europe improved the market sentiment somewhat, while the report about the US retail sales later today is expected to show growth. The currency dropped heavily yesterday.
The trading on the Forex market is rather dull today. Most currencies move sideway and the New Zealand dollar isn’t exception. The news from Europe was good enough to negate the pessimism, but wasn’t enough to spark optimism. The US retail sales report is expected to show an advance by 0.6 percent and it can boost the kiwi.
NZD/USD was higher at 0.7635 as of 10:49 GMT after opening at 0.7626. NZD/JPY was near its opening of 59.39.

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