NZ FinMin Robertson: More government spending to be announced to support economy

Dhwani Mehta FXStreet

New Zealand (NZ) Finance Minister Grant Robertson was on the wires in the last minutes, via Reuters, noting that New Zealand's economy is facing international headwinds.

Further Comments:

The government will soon be announcing new infrastructure spending to future proof the economy.

The economy remains strong compared with comparable nations.

Meanwhile, the NZD/USD pair is looking to extend the latest bounce above the 0.6600 level on more infrastructure spending headlines. The Kiwi tracks the gains in its OZ counterpart, the Aussie, in the wake of upbeat Australian jobs data.

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.

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