Highlighting my theory that nothing big is happening this week because of political and inter-governmental distractions such as the UN convention in NY, today sees the Forex world doing back flips over the GDP numbers out of, of all places, New Zealand.
Yes, the kiwi is soaring to heights unseen in well over a year. And what was this stellar number out of the land of good wine, Rachel Hunter (if they did nothing else in their history, giving the world Ms. Hunter would have been enough) and a green fruit?
The GDP of kiwi-land grew by a seasonally adjusted .1% - a tremendous achievement that deserves of all the fanfare it is getting.
I am 99% certain that if the investment world was actually focused on their profession this week, this would be a non-story.
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Thread: A Kiwi Surprise
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30-09-2009, 12:14 PM #1
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