NZD/USD tumbles below 0.6160 on downbeat NZ GDP data – by Sagar_Dua24 NZDUSD RiskAversion RBNZ Fed GDP
by 0.6% in the fourth quarter while the street was expecting a contraction of 0.2%. The New Zealand economy showed a growth rate of 1.7%.
The Kiwi asset remained solid on early Tuesday as China’s Retail Sales data justified the expectations from the street and the US Dollar Index was beaten down by the declining United States Consumer Price Index and the collapse of Silicon Valley Bank .
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