NZD a little lower after poor business confidence data

An update on the New Zealand business survey showing the weakest business confidence for nine years

Post is here:

• New Zealand Institute for Economic Research survey - Quarterly Survey of Business Opinion (QSBO)

In brief:

• Q3 business confidence hit -30, from -20 in Q2
• low for 9 years

The NZD has edge a touch lower in the hour following the release:

Meanwhile some RBNZ remarks crossing, from the Bank's annual report :

• RBNZ Board satisfied that monetary policy has been appropriate