New Zealand dollar reached a peak on Tuesday with the introduction of a floating rate after that, the poll National Bank of New Zealand has demonstrated a significant increase confidence in business circles."New day, new and positive for New Zealand's economic data," - said NBNZ BNZ economist Doug Steel. - We expect that the results of the survey will be strong. In reality, they were simply stunning. "
According to a survey of business prospects NBNZ, 38,3% of respondents expect conditions will improve over the next 12 months, whereas in April and it was then carried out the previous similar survey / had expected 14.2%. Index of pure confidence is the difference between those who expect conditions will improve and those who believe that they will deteriorate.
New Zealand dollar peaked 0.8265 U.S. dollar after the release of these data.
However, BNZ currency strategist Mike Jones noted that after this the New Zealand dollar has fallen somewhat because of the fixed returns. However, this analyst expects the New Zealand currency will remain strong.
"It certainly will bathe in the glory of the report NBNZ", - said Jones.
Corporate Manager of Western Union Business Solutions Chris Hunter said that is difficult to assume, where there will be resistance levels for the strong New Zealand dollar, but it assumes that the next resistance may be at 0.8300.
"We are now in uncharted territory," - he said.
He added that the New Zealand dollar soon becomes a leader, and should not be on the heels of Australia.
