(Bloomberg) -- The New Zealand dollar may fall on
speculation declining consumer and business confidence may curb
domestic demand, ensuring interest rates will be unchanged next week.
Consumer confidence fell for a third month in May, according to
a poll conducted for Television New Zealand published today.
Business confidence fell for a second month in April, according to
ANZ National Bank Ltd., which releases this month's survey May 31.
The currency has gained 3.1 percent this year as the Reserve Bank of
New Zealand raised interest rates twice to a record 7.75 percent to
curb consumer spending and housing demand.
Read more at Bloomberg Currencies News
speculation declining consumer and business confidence may curb
domestic demand, ensuring interest rates will be unchanged next week.
Consumer confidence fell for a third month in May, according to
a poll conducted for Television New Zealand published today.
Business confidence fell for a second month in April, according to
ANZ National Bank Ltd., which releases this month's survey May 31.
The currency has gained 3.1 percent this year as the Reserve Bank of
New Zealand raised interest rates twice to a record 7.75 percent to
curb consumer spending and housing demand.
Read more at Bloomberg Currencies News
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