The focus of this week’s events in markets is the meeting of the FOMC on Wednesday night. Both the Fed and the BoC have started tapering bond buying. This preview looks at USDCAD and NZDJPY.
The Kiwi dollar has declined against its American counterpart so far this week as the latter has generally appreciated and spending data from New Zealand disappointed on Monday night. This TA from Exness Education looks at NZDUSD around the next key release, New Zealand’s balance of trade for February.