April 8, 2011
With a mini-wave of risk aversion hitting the market late yesterday, the Kiwi was unable to build on its nice rally the day before. Still, the losses were minimal as NZD/USD closed just 11 pips lower to end at .7788.
No economic data on deck today from New Zealand, but that doesn’t mean you can take off early for the weekend!
Make sure you keep an eye out for reports from other countries, as they could serve as catalysts for big moves in the market. In particular, keep an eye out on the U.S., as the countdown to a potential government shutdown has begun. Who knows how the markets will react to this! Good luck today playaz!
"The only cable I watch is the pound baby."