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Business / Finance

NZD/USD: the growth of the new Zealand economy revised

MQL5: Blogs Traders 23.08.2017 at 11:50

Blogs traders and analyst of financial markets

According to a Tuesday report on economic and financial conditions in New Zealand, the growth of the new Zealand economy have been revised downwards.

the Minister of Finance Steven Joyce said that in the next four years the average growth rate of New Zealand GDP can reach 3%, whereas it was forecasted average annual growth rate at the level of 3.1%.

the new Zealand dollar is reduced actively with the beginning of August. Over the past two days, the pair NZD/USD fell about 100 points, or 1.3%.

This also contributes to the growth of quotations of the us dollar on the eve of the economic conference in Jackson hole, which will be held August 24-26. The conference will include the heads of the leading world Central banks. From fed Chairman Janet Yellen is waiting for statements in favor of a third increase in U.S. interest rates for the current year.