New Zealand's ANZ Consumer Confidence slides to 82.1 in April

Source Fxstreet

Apr 25, 2024 22:06

ANZ's New Zealand Roy Morgan Consumer Confidence slipped another 4 points to 82.1 in April, declining to the indicator's lowest levels since 2008. Despite the decline, New Zealand consumer confidence remains higher than it did at the height of the pandemic.

Consumer inflation expectations eased to 4.4% from 4.5%, though housing price inflation expectations increased to 3.5% from 3.4%.

Market reaction

NZD/USD continues to trade in a tight but rough range as markets gear up for the early Friday session, stuck near the 0.5950 level.

About the ANZ Roy Morgan Consumer Confidence

The Consumer Confidence released by the ANZ is a leading index that measures the level of consumer confidence in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. A high reading is seen as positive (or bullish) for the NZD, while a low reading is seen as negative (or bearish).

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Mexican Peso struggles as US economic data fuels Fed rate cut speculation The Mexican Peso failed to hold to earlier gains versus the US Dollar on Friday after a softer-than-expected employment report in the United States (US) reignited speculation that the Federal Reserve (Fed) might lower interest rates as the jobs market weakened.

Source Fxstreet

The Mexican Peso failed to hold to earlier gains versus the US Dollar on Friday after a softer-than-expected employment report in the United States (US) reignited speculation that the Federal Reserve (Fed) might lower interest rates as the jobs market weakened.

Mexican Peso appreciates as Fed-inspired good mood continues The Mexican Peso (MXN) edges higher in most pairs on Friday as investor risk appetite remains strong, supporting commodity-related currencies and risk-sensitive FX such as the Mexican Peso.

Source Fxstreet

The Mexican Peso (MXN) edges higher in most pairs on Friday as investor risk appetite remains strong, supporting commodity-related currencies and risk-sensitive FX such as the Mexican Peso.

Forex Today: US Dollar struggles to rebound as markets assess Fed announcements Here is what you need to know on Thursday, May 2: The US Dollar (USD) suffered large losses against its major rivals in the late American session on Wednesday as the Federal Reserve's (Fed) statement language and Chairman Jerome Powell's comments turned out to be not as hawkish as feared.

Source Fxstreet

Here is what you need to know on Thursday, May 2: The US Dollar (USD) suffered large losses against its major rivals in the late American session on Wednesday as the Federal Reserve's (Fed) statement language and Chairman Jerome Powell's comments turned out to be not as hawkish as feared.

Related Instrument