The New Zealand Dollar remains relatively unchanged to open the new year, sitting just above the 0.67 level at 0.6715. Moving into the new year, trading remains limited as most of the world continues to enjoy the festive season, including New Zealand.
The last week of December was also relatively quiet with little on the domestic calendar to excite the market. There was however a consumer confidence survey which did end the year on a positive note, rising from 118.6 to 121.9 in December. Despite the buoyant news, the global environment continues to be shaky as concerns over global growth and politically instability continue to dampen market sentiment.
Moving into the New Year, the Kiwi continues its New Year public holiday into its second day and has little on the domestic calendar to release. Attentions will remain affixed to global headlines for direction.