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NBNZ Business Confidence climbs

Written by Sam Coxhead on November 29th, 2010.      0 comments

5:35 PM (NZT) The National Bank of New Zealand (NBNZ) Business Confidence Survey showed a net 33% of businesses expect better times in the up coming year. This is an improvement by 9% from last month and lends weight towards a theme of slowly growing positivity within the economy. The fact that almost all categories show improved on readings from last month is particularly encouraging. The market moved the NZD 20pts higher in what has been a day of poor liquidity for most currency pairs. Whilst there have been some moves, the markets are mostly close to where last week ended in New York on Friday.

Please be aware that moves have the potential to be more wild in the weeks leading up until Christmas as the depth of markets decreases into the holiday season.
 

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