(Bloomberg) -- New Zealand's dollar may fall on
speculation declining consumer and business confidence will
reduce domestic demand, ensuring interest rates will be
unchanged next week.
Consumer confidence fell for a third month in May, showed 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 will
reduce domestic demand, ensuring interest rates will be
unchanged next week.
Consumer confidence fell for a third month in May, showed 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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