XE Data Update - NZ Q4 GDP Release

The NZ GDP for Q4 has just been released.

The GDP for Q4 came weaker than forecast overall:

Adjusted GDP Q4/ Annual :

GDP +0.6% / +2.3% Consensus +0.6% / +2.5%

NZ GDP over the last 12 months has increased by 2.8%.

The RBNZ had previously forecast +0.8% for Q4 GDP.

The NZD is a lower in immediate response.

Here is the link to the Statistics NZ for this GDP release:

https://www.stats.govt.nz/information-releases/gross-domestic-product-december-2018-quarter

Current indicative levels are:

NZDUSD 0.6890 / 0.6915
NZDAUD 0.9675 / 0.9700
NZDEUR 0.6030 / 0.6055
NZDGBP 0.5220 / 0.5245
NZDJPY 76.25 / 76.50

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