New Zealand April to June economic growth has come in at a beat:

+1.0% q/q

  • expected 0.8% q/q, prior 0.5%

2.8% y/y

  • expected 2.5% y/y, prior 2.6%, revised from 2.7%

The RBNZ projection was for around 0.5%, so this is a big beat on what they were expecting also

NZD is higher:

Anyone remember Tuesday and the NZ PM Ardern with an inadvertent slip?

Which was immediately walked back by an official

She shoulda done a Trump and owned it ….