NZD/USD Rises Despite China's 26Q2 GDP Growth Slowing to 4.3%
The New Zealand dollar held higher against the US dollar on Wednesday, even after China's economy expanded 4.3%, measured on a yearly basis, in the second quarter of 2026, compared to a 5.0% growth in Q1. The market predicted a firmer print of 4.5% growth. On a quarterly basis, the Chinese GDP grew 0.9% in Q2 after a 1.3% rise in the previous quarter. In Wednesday's G10 trading, NZD rose against all other currencies. The mild event for the kiwi will be the food inflation for June, due on July 17. For the USD, the major event will be the testimony of the Federal Reserve Chair Kevin Warsh, due later in the day. The NZD/USD pair was trading at 0.58312, with a 0.34% gain during Wednesday's American trading hours at the time of writing.
The New Zealand dollar held higher against the US dollar on Wednesday, even after China's economy expanded 4.3%, measured on a yearly basis, in the second quarter of 2026, compared to a 5.0% growth in Q1.
The market predicted a firmer print of 4.5% growth.
On a quarterly basis, the Chinese GDP grew 0.9% in Q2 after a 1.3% rise in the previous quarter.
In Wednesday's G10 trading, NZD rose against all other currencies.
The mild event for the kiwi will be the food inflation for June, due on July 17.
For the USD, the major event will be the testimony of the Federal Reserve Chair Kevin Warsh, due later in the day.
The NZD/USD pair was trading at 0.58312, with a 0.34% gain during Wednesday's American trading hours at the time of writing.