The New Zealand rose today, joining its Australian counterpart in a rally, even though the New Zealand consumer confidence dropped this month.
The Westpac Consumer Confidence Index slipped from 113.4 in August to 112.4 in September. Yet the report was not particularly pessimistic despite the drop, saying:
While consumer confidence has eased a little, households remain in good spirits.
That and the general optimistic market sentiment allowed the kiwi to retain its strength.
NZD/USD gained from 0.7261 to 0.7309 as of 13:04 GMT today. NZD/JPY rose from 80.98 to 81.43.
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