NZD approaching its FOMC high after GDP data

The USD dropped after the FOMC announcement, NZD/USD a beneficiary.

NZD/USD has jumped back to its high after the GDP data:

• New Zealand Q4 2018 GDP: 0.6% q/q (expected 0.6%)

The q/q was in line with central estimates, the y/y was a miss. Not stopping the buyers. They might like to take note of the recent high, there is work to do up here.