Will A Contracting Economy Sink The New Zealand Dollar? |
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Trading the News: New Zealand Gross Domestic Product What’s Expected Time of release: 06/26/2008 22:45 GMT, 18:45 EST Primary Pair Impact : NZDUSD Expected: 2.0% Previous: 3.7% How To Trade This Event Risk Growth in New Zealand is expected to have slowed to 2.0% in the fourth quarter compared with 3.7% the quarter prior. The economy is anticipated to have contracted by 0.3% in the quarter, which would be the first time in more than two years. Indeed, manufacturing activity fell to 3.7% from
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