September 21, 2012
Go Kiwi, go! Among the comdolls, the Kiwi was the only one to end the day higher against the dollar. NZD/USD ended the New York session at .8289 after starting the day at .8267.
Risk aversion had no match for the good vibes brought about by New Zealand's GDP report for Q2 2012. As I said yesterday, the report came in higher at 0.6% versus the 0.4% forecast.
However, with our forex calendar blank for reports from New Zealand today, will the Kiwi be able to extend it's gains?
Hmmm, that will probably depend on market sentiment. Make sure you keep tabs on the market sentiment. Remember that the currency usually trades higher when risk appetite.
"The only cable I watch is the pound baby."