New Zealand’s Investors Confidence Remains High Despite COVID-19

[mlawson71]

The New Zealand financial regulator Financial Markets Authority (FMA) recently published its annual Investor Confidence Survey. The country endured a lengthly lockdown to eradicate the virus, but investor confidence in it remained quite high, according to the report.

According to the released data, confidence in the markets has remained within the same range for a third consecutive year now. Some people may be surprised, as markets always seem to be deeply affected by lockdowns, sometimes in expected ways.

The FMA conducted this survey between the 5th and 14th May 2020, during the level 3 lockdown in the country. Despite that, 2/3rds of the investors interviewed for the survey remained confident in the local markets.

Source

New Zealanders did a lot of work to eradicate the virus and were aware that business is more successful when not impeded by disease, so I am not surprised.

[pradegxs]

Is it  a good reason to short NZD? I heard they got second spike and reinstated some lockdowns going to keep my NZDUSD shorts in Hotforex next week. What's your view on this guys? 

[Burinis]

There is a stable economy, so it does not surprise me at all... 

[Nalmegda]

Panic passes.
And accurate long-term solutions always have great power.