Flash:Porr NZ GDP expected, not sufficient to dampen Kiwi - BNZ

FXstreet.com (Barcelona) - According to Economists at Bank of New Zealand, the country's Q2 GDP is expected to decline by -0.2% q/q vs consensus +0.2%, "partly reflective of drought impacts on the quarter" BNZ said.

BNZ adds: "We see this as a precursor to a 1.3% rebound in Q3. Therefore, given positive NZD momentum, a weak reading today may not be sufficient to significantly dampen the currency."

Sep 19, 2013

Flash: New Zealand GDP Q2 expected to fall 0.1% - ANZ

Ahead of the New Zealand GDP, Economists at ANZ expect a 0.1% decline for Q2, although a strong rebound in momentum is expected in the second half of the year, ANZ said.

EUR/AUD breaks briefly below fresh 2-month lows 1.42

The EUR/AUD foreign exchange cross rate is last trading at 1.4221 off recent fresh 2-month lows at 1.4191 following FOMC where much awaited “taper” was again delayed, and even reversed, causing a massive run higher on Aussie, taking the cross down -1.12% so far for the week.