Breaking News: Kiwi soars on NZ Headline business confidence at highest level since May

NZD/USD has rallied from 0.6648 to 0.6688 and the highest levels since 23rd Sep whereby headline business confidence bounced 12 points to -38 in September, its highest level since May.

Analysts at ANZ explained that firms’ views of their own activity lifted 4 points to a net 8% of firms expecting an improvement.

• Employment intentions and profit expectations also lifted, but investment intentions dropped further.
• The retail sector remains particularly downbeat in terms of their expectations about both their own activity and profitability.