Breaking News: Kiwi soars on NZ Headline business confidence at highest level since May

FXStreet Team FXStreet

NZD/USD has rallied from 0.6648 to 0.6688 and the highest levels since 23rd Sep whereby headline business confidence bounced 12 points to -38 in September, its highest level since May.

Analysts at ANZ explained that firms’ views of their own activity lifted 4 points to a net 8% of firms expecting an improvement.

Employment intentions and profit expectations also lifted, but investment intentions dropped further.
The retail sector remains particularly downbeat in terms of their expectations about both their own activity and profitability.

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