Forex News from InstaForex

[InstaForex Gertrude]

New Zealand GDP Gains 0.7% In Q2

New Zealand's gross domestic product added 0.7 percent on quarter in the second quarter of 2014, Statistics New Zealand said on Thursday. That was in line with forecasts, although it slowed from the 1.0 percent gain in the first quarter. Business services (up 4.2 percent) were the main driver of the growth. On a yearly basis, GDP climbed 3.5 percent - missing expectations for 3.9 percent and down from 3.8 percent in Q1.

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[InstaForex Gertrude]

Usd/cnh Closes in Ny at 6.1455 After Trading 6.1454-6.1527 Offshor

Only light USD/CNH activity reported tracking USD/AXJ complex
Early Ldn/early NY was a continuation of post FOMC - USD eased late NY Still no official confirmation that PBOC will inject CNY500bln into top 5 banks

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[InstaForex Gertrude]

New Zealand Consumer Confidence Slows In Q3

Consumer confidence in New Zealand took a bit of a hit in the third quarter of 2014, the latest survey from Westpac Bank revealed on Monday, with an index score of 116.7. That's down from 121.2 in the second quarter, although it remains comfortably above the line of 100 that separates optimism from pessimism. The Reserve Bank of New Zealand's decision to hike its benchmark Official Cash Rate is seen as the catalyst for lagging confidence, the survey suggested. Among the individual components of the survey, the index for present conditions fell from 116.8 to 113.0, while the outlook dipped from 124.1 to 119.3.

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