NZD Traders Watch $0.59 Floor Collapse as GDP Drops 0.9% - What Happens Next
Key Points
- New Zealand's economy unexpectedly contracted by 0.9% in Q2 ...
New Zealand's economy just delivered the kind of surprise nobody ordered: a 0.9% GDP contraction for Q2 2025 that made economists' already pessimistic -0.3% forecast look optimistic. The Kiwi dollar responded by doing what it does best in these situations - taking a nosedive to around 0.5935 against the greenback.
When Your Economy Needs More Than Thoughts and Prayers
The numbers paint a picture that would make even the most seasoned central banker reach for the stress ball. Unemployment climbed to 5.2%, consumer confidence is somewhere between "meh" and "maybe we should have stayed in b...
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