NZ Dollar Stable Despite Deteriorating Consumer Sentiment

Mar 28,2019 22:54   Source:Earnforex
The New Zealand business confidence deteriorated this month, and the outlook was rather pessimistic. Yet surprisingly, the New Zealand dollar held its ground versus most-traded rivals, even gaining on European currencies like the euro and the Swiss franc. The ANZ Business confidence fell to -38.0 in March from -30.9 in April. The activity outlook dropped to 6.3 to 10.5. The report commented on the state of New Zealand’s economy: The New Zealand economy is delicately […]

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