NZ: Q1 GDP print comes in light of forecasts

The NZD GDP (QoQ)(Q1) figures were just released, with the print coming in lighter than expected at 0.3% vs. 0.6% estimates. This is also much lower than the previous GDP release which came in at 1.5%.


The NZD/USD is breaking sharply lower after the print, taking out the previous day low of 0.7854 and currently down 45 pips trading at 0.7845