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NZ GDP +.2% for the Dec Quarter

Written by Sam Coxhead on March 24th, 2011.      0 comments

11:00 AM (NZT) New Zealand GDP for the 4th Quarter of 2010 rose +.2% against expectation of a +.1% rise. With the range of expectations from -.5% to +.4%. Manufacturing saw an increase in activity and this was offset by decreased levels of activity in the Wholesale Trade sector along with the Retail, Accommodation and Restaurant sectors.  The NZD has appreciated a little since the release as what looks like a little short covering taking place.

          Last 24 hours trade
  Current level Pre-NZ GDP Chge since NZ GDP   Low High
NZD/USD 0.7423 0.7403 0.3%   0.7376 0.7436
AUD/USD 1.0130 1.0127 0.0%   1.0065 1.0157
NZD/AUD 0.7329 0.7309 0.3%   0.7317 0.7342
AUD/NZD 1.3644 1.3681 -0.3%   1.3620 1.3667
NZD/GBP 0.4570 0.4562 0.2%   0.4517 0.4572
NZD/EUR 0.5267 0.5261 0.1%   0.521 0.5256
NZD/JPY 60.12 59.95 0.3%   59.67 60.11
NZD/CAD 0.7282 0.7268 0.2%   0.7246 0.7283
 

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