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NZ Business Confidence Release

The ANZ Business Confidence figures for May have just been released.

The figures were better than expected overall.

The Business Confidence came stronger +14.9% in May v +11.0 % in April

Firms’ own activity outlook was +38.8% in May v 37.7% in April

The NZD is higher in immediate response.

Current indicative levels are:

NZDUSD 0.7090 / 0.7115
NZDAUD 0.9500 / 0.9525
NZDEUR 0.6350 / 0.6375
NZDGBP 0.5535 / 0.5560
NZDJPY 78.75 / 79.00

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