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HiFX Data Update - NZ Q2 GDP Release

HiFX Data Update - NZ Q2 GDP Release

The NZ GDP for Q2 has just been released.

The GDP for Q2 came on market expectations:

Adjusted GDP Q2/ Annual:

GDP +0.8% / +2.5% Consensus +0.8% / +2.5%

NZ GDP over the last 12 months was +2.7% (consensus was +2.8%).

Q1 GDP was revised higher to +0.6%, from 0.5%.

The NZD is marginally lower in immediate response.

Current indicative levels are:

NZDUSD 0.7335 / 0.7360
NZDAUD 0.9145 / 0.9170
NZDEUR 0.6170 / 0.6195
NZDGBP 0.5430 / 0.5455
NZDJPY 82.50 / 82.75

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