New Zealand Westpac consumer confidence dropped from 99.1 to 92.1 in Q1, hitting the lowest level since the global financial crisis in 2008. Present conditions index dropped from 94.8 to 90.1. Expected conditions index dropped from 101.9 to 93.5. One-year economic outlook dropped from -11.2 to -22.8. Five-year economic outlook dropped from 10.0 to 0.8. […]
The post New Zealand Westpac consumer confidence dropped to 92.1, lowest since 2008 appeared first on Action Forex.
Markets Markets are in some kind of wait-and-see stance today after the energy-repositioning of the previous two weeks. Bond yields drop a few bps. The dollar eases off recent top levels and equities avoid a Read more…
Markets are pricing in a 68% probability for a 25-basis-point (bps) rate hike, lifting the cash rate to 4.1%. The board needs to move policy past the current “neutral” rate (where interest rate ≈ inflation) Read more…
Do you know how many times over the last year you visited a grocery store? I don’t either, but it feels like nearly every day, I need to drop by just to get that one Read more…