(Bloomberg) -- The New Zealand dollar dropped on
speculation a report today will show business confidence fell
and companies employed less people, easing pressure on the
central bank to raise interest rates.
New Zealand's record 8 percent official cash rate has
helped the currency, known as the kiwi, gain 27 percent the past
year with investors lured to the nation's higher-yielding assets.
New Zealand Institute of Economic Research Inc.'s quarterly
survey of business opinion may show fewer capacity constraints
and declining confidence, ANZ National Bank Ltd. said.
Read more at Bloomberg Currencies News
speculation a report today will show business confidence fell
and companies employed less people, easing pressure on the
central bank to raise interest rates.
New Zealand's record 8 percent official cash rate has
helped the currency, known as the kiwi, gain 27 percent the past
year with investors lured to the nation's higher-yielding assets.
New Zealand Institute of Economic Research Inc.'s quarterly
survey of business opinion may show fewer capacity constraints
and declining confidence, ANZ National Bank Ltd. said.
Read more at Bloomberg Currencies News
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