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PostPosted: April 24th, 2012, 2:15 pm 
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Joined: February 20th, 2012, 2:57 pm
Posts: 42
Halo

As mentioned above, the big news for the New Zealand Dollar comes later in the week. The Quarter 4 GDP figures are eagerly awaited after Australia’s equivalent data showed a slowdown linked to slower exports. That mostly stems from China’s much vaunted plan to slow growth but you could certainly argue that, with Europe and the UK barely chugging along, China’s sluggish export markets are driving down production. We get a measure of that this week with the release of the Chinese Purchasing Managers Index. The last reading was below the 50 pivot point between expected growth and decline so traders are nervous ahead of this data. If that data is poor and NZ growth has slowed, as many have suggested, we are likely to see a short term bounce in the Sterling - NZ Dollar exchange rate but I wouldn’t pin my hat on any forecasts for a more sustained rally in the Sterling - Kiwi Dollar exchange rate.


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