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New Zealand’s Gross Domestic Product grows 0.8% QoQ in Q1 vs. 0.7% expected

New Zealand's Gross Domestic Product (GDP) grew by 0.8% QoQ in the first quarter (Q1), compared with a 0.5% expansion (revised from 0.7%) in the fourth quarter, Statistics New Zealand showed on Thursday. This reading came in stronger than expectations of 0.7%.


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New Zealand Gross Domestic Product (QoQ) above forecasts (0.7%) in 1Q: Actual (0.8%)

New Zealand Gross Domestic Product (QoQ) above forecasts (0.7%) in 1Q: Actual (0.8%)
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USD/CAD gathers strength to near 1.3700 as Fed holds rate steady

The USD/CAD pair trades in positive territory for the third consecutive day near 1.3695 during the early Asian session on Thursday. The US dollar (USD) edges higher against the Canadian Dollar (CAD) after the Federal Reserve (Fed) kept interest rates unchanged at the June policy meeting.
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