NZ Dollar Rallies as Economic Growth Remains Stable

The New Zealand dollar rallied today after a report showed that nation’s economic growth remained stable.
Statistics New Zealand reported that gross domestic product rose 0.6% in the March quarter from the previous three months. It was the same pace of growth as in the previous quarter and matched forecasts exactly. On an annual basis, GDP grew 2.7%.
NZD/USD surged from 0.6537 to 0.6587 as of 10:29 GMT today. NZD/JPY gained from 70.65 to 71.05.

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