HiFX Data Update - NZ Q1 GDP Release

HiFX Data Update - NZ Q1 GDP Release

The NZ GDP for Q1 has just been released.

The GDP for Q1 came better than expected:

Adjusted GDP Q1/ Annual:

GDP +0.7% / +2.8% Consensus +0.5% / +2.6%

NZ GDP over the last 12 months was 2.4% (consensus was 2.4%).

The NZD is higher in immediate response.

Current indicative levels are:

NZDUSD 0.7075 / 0.7100
NZDAUD 0.9545 / 0.9570
NZDEUR 0.6280 / 0.6305
NZDGBP 0.4980 / 0.5005
NZDJPY 74.85 / 75.10

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