August 2, 2011
Just like its comdoll siblings, the New Zealand dollar started the week off on a weaker note, as risk aversion took over the markets. NZD/USD suffered a 29 pip loss to close at .8766. Could this finally be the week where the Kiwi gives back its ridiculous gains?
No biggies on the docket today, but that don’t mean we won’t see any wild moves on the Kiwi. Watch out for shifts in risk sentiment, as it seems like that could be dominant market theme for this week.
"The only cable I watch is the pound baby."