The NZD/USD moved higher as kiwi advanced against its USD counterpart and other major currencies which traded near of a one-month high. The move comes ahead of reports this week forecast to show U.S. factory orders rose for a fourth-straight month and Chinese manufacturing expanded at a quicker pace, support the general positive sentiment in the market.
Projection noted that the pair will decline, as the market is still focused on the US fundamental data that are expected to confirm the ongoing recovery in the world's largest economy. Nonetheless, the dollar is still far from reflecting its strong fundamentals as investors are lured towards risk more than the dollar, especially as the Feds did not provide a clear signal for the soon shift in status.
On Thursday, the New Zealand economy will release the NBNZ Business Confidence Report at 02:00 GMT that may affect on the pair.
On Thursday, the world's largest economy will release the weekly jobless claims at 12:30 GMT and...
