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New Zealand GDP Growth Rate QoQ
Heavily reliant on foreign trade, New Zealand has a sophisticated market economy. The country has a tight relationship with Australia, which is the country's largest importer of kiwi products, as well as a supplier and investor. The tourism industry and agricultural exports are the two most developed industries in New Zealand, and they are the primary drivers of the country's economic development. A large portion of the economy is devoted to services, which account for 75% of total GDP. These services include financial, insurance, and business services (30%), personal and community services (13%), transportation and communication services (11%). In terms of GDP, industry accounts for 17%, with manufacturing accounting for 13% and construction accounting for 4%. The remaining 8% is composed of industries like agriculture, fishing, forestry, and mining.
A higher than expected figure should be seen as positive (bullish) for the NZD while a lower than expected figure should be seen as negative (bearish) for the NZD.
Forex Sentiment (NZD)
Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
---|---|---|---|---|---|---|
AUDNZD |
|
|
1.0844 -57 pips |
1.0910 -9 pips |
1.09008 | |
EURNZD |
|
|
1.8911 -621 pips |
1.9478 +54 pips |
1.95322 | |
NZDCAD |
|
|
0.8126 -84 pips |
0.8276 -66 pips |
0.82099 | |
NZDJPY |
|
|
86.5328 -124 pips |
89.0289 -125 pips |
87.777 | |
NZDUSD |
|
|
0.5900 -94 pips |
0.6070 -76 pips |
0.59936 | |
GBPNZD |
|
|
2.2185 -477 pips |
2.1224 +1438 pips |
2.26618 | |
NZDCHF |
|
|
0.4939 +171 pips |
0.5022 -254 pips |
0.47681 |