WWM - Analytics

    WWM

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    New Zealand Economy +0.7% in 1st Quarter; NZDUSD Rose to 0.7090

    (Jun 16 Thursday) The New Zealand 1st quarter GDP rose a seasonally adjusted 0.7 percent versus the median estimate of 0.6% against the prior quarter and 2.8% on the year versus the median estimate of 2.6%. The GDP showed the first quarter growth as high migration boosted spending combined with strong earnings from the tourism industry in the first quarter. 

    The new zealand dollar rose to the intraday high of 0.7093 from 0.7030 ( 63 pips) following the better-than-expected GDP data.

     

     

     


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