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AUD/USD and NZD/USD Fundamental Analysis: US Debt Crisis Eyed
It is a quiet start to the day for the AUD/USD and NZD/USD. There are no Australian or New Zealand economic indicators for investors to consider. The lack of stats will leave the Aussie and Kiwi in the hands of market risk sentiment. A bearish end to last week delivered the pairs with heavy losses. The US debt crisis and the increasing threat of a global recession weighed on riskier assets. This morning, US debt ceiling-related news will influence ahead of the US session. Later today, NY Empire State Manufacturing Index numbers for May will be in focus. Economists forecast a fall from 10.8 to -2.5, which would be ... (full story)