Monday , 10 February 2025
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“Severe economic slowdown” comments from NZ Treasury cited as reason for NZD selling

From a New Zealand Treasury fortnightly report issued March 15 (bolding mine):

  • A range of indicators released over the fortnight confirm
    New Zealand is in the midst of a severe economic
    slowdown and implies there was another quarter of roughly
    flat GDP in December and ongoing declines on a per
    capita basis.

PM Luxon spoke to this last week:

Anyway, that’s the reason being cited for the kiwi $ sell off. AUD and CAD were hit too so I’d take it with a grain of salt.

And its all coming back as I update:

This article was written by Eamonn Sheridan at www.forexlive.com.

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