New Zealand dollar falls even further after GDP plunges ...Middle East

New Zealand Q3 GDP -1.0% q/q (vs. -0.4% expected)

Q2 showed contraction also, thus cementing two straight quarters of decline. This is the widely-accepted definition of recession.

NZD/USD had been falling, extended lower still:

This article was written by Eamonn Sheridan at www.forexlive.com.

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