New Zealand greenback falls even additional after GDP plunges

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NZ financial progress information – gross home product (GDP) – contracted additional within the September quarter:

  • New Zealand Q3 GDP -1.Zero% q/q (vs. -Zero.four% anticipated)

Q2 confirmed contraction additionally, thus cementing two straight quarters of decline. That is the widely-accepted definition of recession.

NZD/USD had been falling, prolonged decrease nonetheless:

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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