Business confidence for November

The ANZ business confidence came weaker at -39.4 vs -10.1 in October. The activity outlook index was also sharply lower at 6.5 vs 22.2 last month.

The sharp falls in confidence has sent the NZDUSD lower. It currently trades at 0.6852, down 29 pips on the day. The lower reached 0.6850 so far.