NZ: The week ahead - ANZ

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Kiwi drops close to 1 cent against the USD 04 October, The New Zealand Dollar opens nearly one cent lower against the worlds reserve currency as strong US data triggers a selling spree of G10 currencies. Sign up to receive the latest market news from our experts. As such, we may see a stabilisation in residential consents.

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According to analysts at ANZ, it’s a light week on the NZ’s data front, but the releases that are out will provide an important steer on the resilience of activity and the demand pulse. Key Quotes “We recently revised our GDP forecasts lower, reflecting a weaker outlook for consumption and investment.

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