Capital Economics on the NZ data
"It was dramatically worse than anyone had expected,"and what it means for the Reserve Bank of New Zealand:
The remarks from CE come via Reuters reporting on the dreadful data from NZ earlier. ICYMI:
New Zealand Q3 GDP -1.0% q/q (vs. -0.4% expected)New Zealand dollar falls even further after GDP plungesNZD/USD update, hitting its lowest since October 2022:
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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