Showing some volatility on Friday evening, the NZD/USD ended the week at 0.8260. Friday’s RM-ANZ consumer confidence index showed NZ consumers are confident heading into Christmas. The index, at 129.4 in December, is at its highest level in four years. This is despite LVR restrictions and the talk of interest rates soon heading 200bps higher. Meanwhile the NZD/USD was tossed around a bit on Friday. It touched below 0.8210 early on Saturday morning, before grappling its way back to end the week at 0.8260.
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BNZ