The economic data out of New Zealand has been disappointing in recent weeks and this mornings adjusted GDP data is no exception. The NZD/USD has fallen 50 pips on the news.
2 Responses to “NZ Q1 GDP -2.7% versus expectations of -2.3%”
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AUTOREFRESH 
Sean- Howdy from the hinterland! We’ve all heard of the summer doldrums but the NZD/USD price action following the NZ GDP is more like “dead in the water”- Look at the volume on the pair?!! What are those pesky dealers up too? Have they all stepped out of the trading room for a quick smoke? I know you probably have an accurate explanation, could you convey some insight? Thanks in advance- kprich
Hi KP. Sorry I was bored and I took a long break. I think there are only 3 interbank kiwi dealers left in the world and they probably are heavy smokers and everything else as well. You’d need to be to trade it. Sam is an ex-interbank kiwi dealer. Explains a lot!