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NZ Dollar Weak amid Risk Aversion, Mixed Data

February 28, 2019 at 23:23 by Vladimir Vyun

50 and 100 New Zealand dollar billsThe New Zealand dollar fell on Thursday amid risk aversion and mixed macroeconomic reports.

The ANZ Business Confidence index dropped to -30.9 in February from -24.1 in January. The number of building consents gained 17% in January after rising 5.4% in December. The overseas trade index dropped 3.0% in the December quarter from the previous three months after falling 0.3% in the September quarter. Analysts had predicted a smaller drop by 1.0%.

NZD/USD dropped from 0.6845 to 0.6816 as of 23:11 GMT today. EUR/NZD jumped from 1.6598 to 1.6679.

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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