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NZD/USD stays calm above 0.7100 ahead of New Zealand GDP data

1 month ago   |   By FXCM

NZD/USD looks to close modestly higher on Wednesday.
New Zealand economy is expected to grow at an annual rate of 16.3% in Q2.
US Dollar Index stays near 92.50 ahead of US Retail Sales data.
After dropping to 0.7074 earlier in the day, the NZD/USD pair reversed its direction and remains on track to close in the positive territory a little above 0.7100.
Eyes on NZ GDP data
Disappointing Retail Sales and Industrial Production data from China weighed on the NZD during the Asian trading hours on Wednesday.
In the second half of the day, the improving risk sentiment made it difficult for the...
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