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.
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
