In a Bloomberg interview earlier this Tuesday, New Zealand Institute of Economic Research’s (NZIER) Chief Economist said that he doesn’t expect the NZ economic contraction to be as severe. The activity gauge indicates the annual GDP fall will be 2% in Q2, he added. His comments come after the body’s Quarterly Survey of Business Opinion (QSBO) showed that the NZ Business Confidence improved to -63 in vs. -70 seen in Q1. The survey was conducted over the main period of the COVID-19 lockdown. Market reaction NZD/USD is off the highs, consolidating minor gains around 0.6560 amid mixed market sentiment, as S&P 500 futures drop despite the advance in the Asian stocks. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next S&P 500: Democratic victory in November to be net positive – JP Morgan FX Street 3 years In a Bloomberg interview earlier this Tuesday, New Zealand Institute of Economic Research’s (NZIER) Chief Economist said that he doesn’t expect the NZ economic contraction to be as severe. The activity gauge indicates the annual GDP fall will be 2% in Q2, he added. His comments come after the body’s Quarterly Survey of Business Opinion (QSBO) showed that the NZ Business Confidence improved to -63 in vs. -70 seen in Q1. The survey was conducted over the main period of the COVID-19 lockdown. Market reaction NZD/USD is off the highs, consolidating minor gains around 0.6560 amid mixed market sentiment,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
