WWM - Analytics


    158.25 5.25/10
    100% of positive reviews

    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.




    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree