"Severe economic slowdown" comments from NZ Treasury cited as reason for NZD selling ...Middle East

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Severe economic slowdown comments from NZ Treasury cited as reason for NZD selling
From a New Zealand Treasury fortnightly report issued March 15 (bolding mine):A range of indicators released over the fortnight confirm New Zealand is in the midst of a severe economic slowdown and implies there was another quarter of roughly flat GDP in December and ongoing declines on a per capita basis. PM Luxon spoke to this last week:New Zealand's Prime Minister Luxon says is seeing a deterioration in economic conditionsAnyway, that's the reason being cited for the kiwi $ sell off. AUD and CAD were hit too so I'd take it with a grain of salt. And its all coming back as I up This article was written by Eamonn Sheridan at www.forexlive.com.

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