Kiwi slips on New Zealands fiscal update

Note: This section contains information in English only.
Source: Reuters
The New Zealand Dollar contracted against the Greenback, after government changed output growth forecast. The revised forecast predicts output growth rate at 3.8%, instead of 4% as estimated before. The Kiwi is experiencing continuous decline after it's peak in July, led by a drop in producer prices and uncertainty over dairy export demand. Nevertheless, New Zealand grow rate is still surpassing major developed world peers. The Kiwi decreased by 0.44% to $0.8440.
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