According to the latest survey conducted by ANZ (Australia and New Zealand Banking Group), New Zealand’s consumer confidence index is showing negative dynamics this month. In particular, the index dropped by 1,4% down to 110.7 points, Market Leader reports.
Still, experts say that the country’s financial well-being has improved. The thing is that despite the decline seen in February, January’s readings came out positive - 121.4 points (+2.3%). Some of the survey participants said that the country’s financial well-being had improved. All in all, the overall sentiment is positive, which is the key factor reassuring ANZ, especially amid the declining global economy and crisis phenomena in the Chinese economy.
We remind you that Australia and New Zealand Banking Group (ANZ) is Australia’s forth-biggest bank. They bank is mainly focused on banking transactions in Australia.
FOREX
In the meantime, Masterforex-V Academy reports that NZDUSD keeps on moving a pretty wide price range between 0,6896 and 0,6227. It is currently trading close to 0,6697. The direction in which the price comes out of the price range is going to determine the direction of the near-term trend, which may also hint at a longer-term tendency.
