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NZ Dollar Mixed After Consumer Confidence Release

March 28, 2018 at 11:35 by Vladimir Vyun

Mixed dollar billsThe 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.

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