New Zealand Dollar Boosted by Consumer Sentiment

The New Zealand dollar strengthened against its U.S. counterpart today, while it was declining for the whole week, after the consumer confidence increased and the unemployment rate dropped, suggesting about the increasing pace of the economic recovery.
The consumer sentiment rose in May 3.4 percent to 126 from 121.9 in April. The jobless rate decreased from 7.1 percent to 6 percent. The central bank may raise the interest rates, attracting the investors interested in carry trade.
NZD/USD traded at 0.6700 as of 11:35 GMT today up from the opening price of 0.6658.

If you have any questions, comments or opinions regarding the New Zealand Dollar,
feel free to post them using the commentary form below.

Leave a Reply

Your email address will not be published. Required fields are marked *

− two = three