- A report released by ANZ National Bank Ltd. spurred the kiwi’s gains yesterday, after it revealed New Zealand businesses became more optimistic in June. A net 8.3% of companies surveyed said they expected sales and profit to increase over the next 12 months, compared with 5.5% last month.
- However, strong London equities capped the kiwi’s gains to some extent, although it still finished comfortably up after enduring losses at the end of last week.
- Important UK revised GDP and Current Account data is out at 09.30 BST today.
Tuesday, 30 June 2009
Kiwi gains on business survey
The kiwi rose against the pound yesterday after a report showed growing optimism amongst New Zealand’s business community.
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