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Resolved Question
What is the importance of New Zealand's Economic Indicator Westpac Consumer Confidence on forex trading?
What are other NZ indicators?
about 1 year ago
Best Answer - Chosen by Asker
Since it's an indicator of consumer sentiment, it reflects whether individuals are confident with their economic outlook or not. The lower the level of confidence they have in their economy, the less likely they are to spend. So that means if the consumer confidence reading is low, it could have a bearish effect on the Kiwi.
For other economic indicators for NZ, check out this link:
about 1 year ago
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