The NZD ended the week around 0.8540, a little below itsFriday intra-night highs.On Friday afternoon, ANZ consumer confidence data told asimilar story to recent business confidence data. i.e. itremains at elevated levels providing upside risk to our GDPforecasts. However, this is hardly news to the NZD thattraded fairly steadily throughout the day. On Friday night, inthe backdrop of a marginally softer USD the NZD/USDclimbed above 0.8560, but dropped back to end the weekaround 0.8540. It remains close to the level it originally fellto after the US FOMC announcement last Thursdaymorning.
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