{"id":81583,"date":"2023-03-16T02:03:16","date_gmt":"2023-03-15T22:03:16","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=81583"},"modified":"2023-03-16T02:05:02","modified_gmt":"2023-03-15T22:05:02","slug":"nzd-usd-nosedives-on-big-miss-in-new-zealands-gdp","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/nzd-usd-nosedives-on-big-miss-in-new-zealands-gdp\/03\/16\/market-updates\/","title":{"rendered":"NZD\/USD nosedives on big miss in New Zealand\u2019s GDP"},"content":{"rendered":"\n<p>Stats New Zealand released the further quarter Gross Domestic Product. New Zealand GDP SA (QoQ) Q4: -0.6% (est -0.2%; prev 2.0%).<\/p>\n\n\n\n<p>New Zealand\u2019s dollar is getting smacked after softer local GDP data. NZ GDP was 2.2% y\/y in Q4 vs 3.3% seen and down from 6.4% prior. Odds of an RBNZ rate hike in April have been fading since Wednesday, a 25bps move is now about 50% priced in.<\/p>\n\n\n\n<p>The Reserve Bank of New Zealand has been saying for months and months and months that it&#8217;ll hike rates into the recession. As for forex reaction, the NZD\/USD pair has dropped around 25 pips on the fresh GDP data. The NZD\/USD pair is trading at 0.6155 at the time of writing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stats New Zealand released the further quarter Gross Domestic Product. New Zealand GDP SA (QoQ) Q4: -0.6% (est -0.2%; prev 2.0%). New Zealand\u2019s dollar is getting smacked after softer local GDP data. NZ GDP was 2.2% y\/y in Q4 vs 3.3% seen and down from 6.4% prior. Odds of an RBNZ rate hike in April &hellip;<\/p>\n","protected":false},"author":13,"featured_media":55381,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4707,37,36],"tags":[194,6918],"class_list":["post-81583","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-breaking-news","category-forex-markets","category-market-updates","tag-gdp","tag-nzd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=81583"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81583\/revisions"}],"predecessor-version":[{"id":81584,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81583\/revisions\/81584"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/55381"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=81583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=81583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=81583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}