NZD lower after GDP data shows a miss on expectations

The data for Q4 GDP from New Zealand is out now:

• NZ Q4 2017 GDP: 0.6% q/q (vs. expected +0.8%)

A miss on expectations, the economy not performing as well as expected in October to December 2017. While some of the economic indicators in the early part of this year have been on the improve there are still cocnerns weighing: dary prices still muddling alaong (a bit of an improve, but is it enough?) and while the construction sector is firing there are capacity constraints (labour) holding it back.

NZD/USD was marked down, and is now hovering just above 0.7300 as I update:

Talk of tech support around 0.7290

more to come