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May 27, 2026
Euro traded at 1.1628 against USD at 9:00 AM PST
French consumer confidence fell to the lowest in over three years in May. The consumer sentiment index dropped from 84 in the previous month to 82 in May. This was the lowest since March 2023.
The proportion of households that believe it is a good time, in the current economic situation, to make major purchases has declined sharply again. The corresponding index lost five points to hit -40. At the same time, assessments about consumers' personal financial situation, both past and future, have also deteriorated. The balance related to their past personal situation dropped three points to -29, and the one regarding their future financial situation edged down one point to -20.
Assessments about their ability to save, both current and future, remained stable in May. Further, the proportion of households believing it is a good idea to save rose one point to 40. Consumers' view about past standard of living in France deteriorated sharply again, with the corresponding balance falling six points to -81. The one related to future standard of living lost one point to -70, reaching its lowest level since July 2022. Households' fears about unemployment have eased slightly. The corresponding balance declined two points to 54.
Finally, the proportion of households who consider that prices will accelerate over the next twelve months dropped back. The associated balance lost eight points and reached 2. The proportion of households who considered that prices increased over the last twelve months climbed again. The index gained two points, after gaining 31 points in April. 05/27/2026 - 08:02:00 (RTTNews)
The Reserve Bank of New Zealand maintained its benchmark interest rate on Wednesday and signaled rate hikes at coming meetings. The Monetary Policy Committee, governed by Anna Breman, voted to hold the Official Cash Rate at 2.25%. The bank has lowered its benchmark rate by 325 basis points since August 2024, bringing it to the lowest since mid-2022. 05/27/2026 - 02:13:00 (RTTNews)
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