New Zealand data – Westpac Consumer Confidence for Q3 2023: 80.2 (vs. prior 83.1)

<p>Weak consumer sentiment in New Zealand got weaker in the third quarter of 2023.</p><p>Yesterday we had better than expected economic growth reported:</p><ul><li><a href="https://www.forexlive.com/news/new-zealand-q2-gdp-rises-more-strongly-than-expected-20230920/" target="_blank" rel="follow" data-article-link="true">New Zealand Q2 GDP rises more strongly than expected</a></li></ul><p>The revision to the Q1 data included had implications for the recession in New Zealand:</p><ul><li><a href="https://www.forexlive.com/news/forexlive-asia-pacific-fx-news-wrap-us-yields-and-us-dollar-both-continue-to-soar-20230921/" target="_blank" rel="follow" data-article-link="true">ForexLive Asia-Pacific FX news wrap: US yields and US dollar, both continue to soar</a></li></ul><p>NZD/USD is being shoved around by global developments more than by the local data:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.