NZ huge 12.4% q/q GDP contraction - NZD little changed

Author: Eamonn Sheridan | Category: News

Official economic growth announcements are most often viewed as old news and don't tend to shift FX around too much unless they are well away from expectations.

Today's Q2 GDP from NZ was a little better than the median consensus estimate:
NZD/USD is little changed, down a few tics:
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