NZD/USD falls as New Zealand enters first technical recession in a decade

Invezz

Published

The NZD/USD pair declined in overnight session as traders digested the latest Federal Reserve interest rate decision. The pair also reacted to data that confirmed that New Zealand had moved to its first technical recession in a decade. New Zealand GDP falls The New Zealand has been credited for how it handled the coronavirus pandemic. The government instituted strict measures that were enforced by the police. As a result, the country confirmed less than 2,000 cases and about 25 deaths. These measures, however, led the country to suffer a technical recession. That happens when a country’s GDP contracts for two

Full Article