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NBNZ Business Confidence survey stalls..

Written by Sam Coxhead on December 16th, 2010.      0 comments

4:25 PM (NZT) The National Bank of New Zealand (NBNZ) Business Confidence Survey showed almost no change when compared to November, which is to say that key gauges are at respectable levels without looking too optimistic. The overall number was just off slightly at 29.5 when compared to 33.2 in November and the key gauge of “own expectations” was relatively unchanged at 34.5. Balancing out a more optimistic export sector is the residential construction sector which has slumped since November.
 
The New Zealand dollar was relatively unchanged by this benign survey.
    Last 24 hours trade
  Current level Low High
NZD/USD 0.7388 0.7382 0.7505
AUD/USD 0.9860 0.9836 0.9964
NZD/AUD 0.7487 0.7474 0.7535
AUD/NZD 1.3356 1.3271 1.3379
NZD/GBP 0.4751 0.4736 0.4783
NZD/EUR 0.5587 0.5570 0.5625
NZD/JPY 62.23 62.10 62.94
NZD/CAD 0.7417 0.74 0.7560



 

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