Summary Real GDP grew at only a 1.6% annualized pace in Q1, held back by trade and inventories. Consumer spending in the service sector is not slowing, in fact, it is ramping up at a rate seldom seen in the past 20 years. That is problematic as core PCE prices are picking up again in […]
The New Zealand dollar continues to rally on Friday. NZD/USD is trading at 0.5702 in the European session, up 0.43% on the day. Manufacturing PMI unexpectedly expands New Zealand’s Manufacturing PMI rose to 51.4 in January, up sharply from the December reading of 45.9 and above the market estimate of 46.0. This was a milestone […]
The post NZ Dollar Extends Gains After Strong Mfg. Data appeared first on Action Forex.
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