NZD/USD pushes the bulls back while declining over 20 pips around 0.7230 after New Zealand (NZ) Q4 GDP disappoints kiwi optimists during the early Thursday morning in Asia. Also favoring the consolidation are the challenges to the risks and hidden hints of a gradual pick-up in rates after a few years in the Fed statement. NZ GDP probes kiwi bulls… Although lockdown in Auckland was a wild card that played its role in smashing hopes of no major losses in the GDP, the -1.0% QoQ reading, versus +0.1% forecast and revised down 13.9% prior, is a surprise for the NZD/USD buyers. The kiwi pair recently cheered the US Federal ... (full story)