Well, AUD didn't ease when it was expected to. It rose because of that.
While GDP dropped, it was expected. So not much market impact there.
In any case, NZD has always been the more resilient of the pair and usually takes NZD weakness to cause it to drop against USD.
While GDP dropped, it was expected. So not much market impact there.
In any case, NZD has always been the more resilient of the pair and usually takes NZD weakness to cause it to drop against USD.
Luck shines on the positive.