Kiwi Slides Down With ANZ New Zealand Business Confidence

29 May 2015, 07:45
hermanfendy
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New Zealand business confidence slumped to the lowest level since the country'sgeneral election last year as a result of waning optimism on the economy and a drop in expectations of inflation to a record low historically.

NZDUSD
As much as 15.7 percent expressed optimism regarding the economy respoden New Zealand dollar in General in may, down 15 points from the figure in April, the lowestlevel of being at once since September last year, so the outlook business note ANZ.Ownership of the company activity expectations slumped to a two-year low levels by as much as 33 percent, but above average historical levels by as much as 27 percent.

According to ANZ Bank Chief Economist Nw Zealand, Cameron Bagrie, businessconfidence signals and companies on employment, investmentsectors and activities,are shrinking. Expectations of further inflation, plummeting to as low as Bagrie, a historical low. The low headline inflation ingkat will indeed play a role, but it should be noted that inflation expectations are heading in that inflation target range midpointt, and this is something that is not unusual.

The New Zealand dollar slumped to the lowest level in more than four years, on fears of economic outlook after Fonterra Cooperative Group yesterday announced the lowpayout to dairy farmers. NZD/USD touched the lowest since 0.7127, March 2011 and are 0.7134 traded in a range at the time the news was written.

 


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