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Treasury says that while the June quarter GDP fell, more recent evidence suggests we are at or near the bottom of the economic cycle:
But,, its not a lock … Treasury go on to say that while interest rates began to ease, activity has likely remained flat through the September quarter with no firm sign of a recovery just yet.
And add to keep an eye out:
Other points:
Earlier:
NZD/USD is little net changed on the day so far, around 0.6342
This article was written by Eamonn Sheridan at www.forexlive.com.
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