The NZD/USD pair gains some positive traction at the start of a new week following the release of the latest consumer inflation figures from New Zealand. Spot prices, however, lack follow-through buying and remain below mid-0.5700s through the Asian session.
The National Bureau of Statistics of China (NBS) will publish its data at 02.00 GMT. China quarterly GDP is estimated to grow 0.8% in the third quarter (Q3), compared to an expansion of 1.1% in Q2. On an annual basis, the Chinese economy is forecast to expand 4.8% versus 5.2% prior.
Bank of England (BoE) Chief Economist Huw Pill said on Friday, “a more cautious withdrawal of monetary policy restriction may be appropriate.”