HiFX Data Update - NZ GDP (Q4) Release
The NZ GDP for Q4 2017 has just been released.
The GDP for Q4 came in lower than market expectations:
Adjusted GDP Q4/ Annual:
GDP +0.6% / +2.9% Consensus +0.7% / +3.1%
NZ production-based GDP over the last 12 months was +2.9% (consensus was +2.9%).
The NZD is lower in immediate response.
Current indicative levels are:
NZDUSD 0.7290 / 0.7315
NZDAUD 0.9260 / 0.9285
NZDEUR 0.5895 / 0.5920
NZDGBP 0.5220 / 0.5245
NZDJPY 77.55 / 77.80
ends