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NZD currency update: Business PMI figures weaken the Kiwi dollar

Joe Mayhew Senior Currency Broker - NZD currency update: Business PMI figures weaken the Kiwi dollar Written by:
Joe Mayhew
Senior Currency Broker
T: 01442 892 069

The Kiwi dollar weakened against a number of its counterparts yesterday after New Zealand published Business PMI figures that were poorer than their former reading.

The last reading issued came in at 57.8 on the index; however, last night’s reading dropped to 56.8.

GBP/NZD currently sits at 1.8830 and EUR/NZD at 1.5890 mid-market.

The next announcements from New Zealand will be Retail Sales and Retail Sales excluding autos set to be published on Sunday night.

GBP/NZD exchange rate graph

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To keep up to date with the New Zealand dollar, visit our NZD blog section on our website here.

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Joe Mayhew
Senior Currency Broker
T: 01442 892 060

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