Data from New Zealand earlier today was not encouraging – NZ in a recession:
New Zealand “dramatically worse than anyone had expected” – RBNZ could cut by 75bp in FebNew Zealand Q3 GDP -1.0% q/q (vs. -0.4% expected)New Zealand dollar falls even further after GDP plunges
This article was written by Eamonn Sheridan at www.forexlive.com.
