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HiFX Data Update - NZ GDP (Q4) Release

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

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