The New Zealand Dollar weakens in its most traded pairs after weak consumer confidence data.
The New Zealand economy suffers from the twin evils of high inflation and weak growth, further weighing on NZD.
The NZD/USD chart is showing a bearish pattern underway with new lows probably on the radar.
The New Zealand Dollar (NZD) is weakening across the board on Thursday, after a leading indicator of consumer confidence in New Zealand deteriorated sharply in February.
The currency is further hampered by an economy that is suffering from the twin evils of high inflation and low growth, leaving the central bank with little room for maneuver.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
Hot
No comment on record. Start new comment.