Currency Note Worldwide

Could New Zealand’s economy be weakening?

By Smart Currency July 1st, 2015

Bad news for the New Zealand dollar on Tuesday as Business Confidence there dropped for the first time since February 2011; this led to speculation that growth in the economy could be underachieving.

Japan also had a slightly negative day, as it was announced that the average cash earnings dropped against expectations. However, the Japanese Yen was able to strengthen anyway, thanks to continued safe haven demand.

Chinese manufacturing Purchase Managers Indices (PMIs) are expected to show low figures today, showing the weakest performance for the last 3 years.

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