Due from New Zealand at 2245GMT - Q1 GDP
q/q Q1 GDP (seasonally adjusted),
- expected is +0.6%
- prior was +0.8%
y/y Q1 GDP
- expected is +3.1%
- prior was +3.5%
Last week the Reserve Bank of New Zealand cut rates ... the NZD has been under pressure ever since. it had a bounce on the FOMC overnight but still hasn't managed to make much of a dent in the gap (well, not at all, truth be told):
4 hour candlestick chart for the NZ/US
