Goldman Sachs revises down Australia and New Zealand 2020 GDP forecasts
|The Goldman Sachs analysts revised down its economic growth forecasts for both Australia’s and New Zealand’s economy.
Key projections
Sees Q1 2020 at -0.3% QoQ.
Australia’s 2020 GDP projected at 2.1% vs. 2.4% previous.
Sees New Zealand’s GDP at -0.1% in Q1 and 2.3% for 2020 vs. 2.5% previous forecast.
Aussie defends 0.6600, Kiwi turns negative
The greenback is seen catching fresh bids across the board, now sending AUD/USD back towards the 0.66 handle. The Aussie struggled once again to close Monday’s bearish opening gap near 0.6625 region.
Meanwhile, the Kiwi fell back into the red, now printing a new daily low at 0.6331.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.