NZD gains on PM's mistaken GDP comment; office says she was referring to Crown accounts

Mon, 17 Sep 2018

By Rebecca Howard Sept. 18 (BusinessDesk) - The New Zealand dollar gained after Prime Minister Jacinda Ardern mistakenly said she was "pretty pleased" with gross domestic product growth having received a "hint" ahead of Thursday's official release of the second-quarter economic data. Her comments were downplayed by her chief press secretary who said she was referring the government's June year financial statements and had "made a mistake." The kiwi lifted to 65.84 US cents from 65.78 US cents as at 8am prior to the comments. Arder...

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