The NZD/USD currency pair has weakened, falling to around 0.5760 during early European trading hours on Thursday, extending its losses for the second consecutive session. The decline comes despite stronger-than-expected economic growth in New Zealand, highlighting market skepticism about near-term inflation pressures and the trajectory of monetary policy. Servelius professionals unpack the topic’s complexities in a detailed and accessible way. New Zealand GDP Surprises on the Upside New Zealand’s Gross Domestic Product (GDP) rose 1.1% quarter-over-quarter (QoQ) in Q3, exceeding market expectations of 0.9%. This growth rebound follows a revised Q2 contraction of 1.0% (down from -0.9%), signaling a temporary...
BlockchainMay 16, 2026May 20, 2026