New Zealand dollar marked lower after data shows the economy is in contraction

  • New Zealand economy contracts in Q3, NZD falls on disappointing Q3 GDP data

A huge miss on Q3 GDP in New Zealand:

After its big surge on the Federal Open Market Committee (FOMC) announcement the NZD lost some ground on the local data.

If you are in bed staring at your phone, here are the one minute bars to give you a bit of a picture of the pace of the move(s)

nzdusd fomc gdp volatility 14 December 2023 2

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