The New Zealand dollar was mixed today after the release of the consumer confidence report.
The ANZ Business Confidence slipped from -19.0 in February to -20.0 in March. The report was not entirely negative, though, saying:
Belying the headline measures somewhat, all key activity indicators improved further, albeit while remaining well off their cycle highs.
Furthermore, the report added:
Our composite growth indicator, which combines business and consumer confidence, continues to suggest growth around 2–3% y/y.
NZD/USD was little changed at 0.7261 as of 11:30 GMT today. NZD/CHF jumped from 0.6877 to 0.6909.
If you have any questions, comments or opinions regarding the New Zealand Dollar,
feel free to post them using the commentary form below.
Be First to Comment