NEW ZEALAND Q1 GDP came out weaker than expected +0.5%qoq vs 0.7% expected, 0.4% prior.

GDP Annual average 3.0%, Q1 Expenditure 0.2% vs 0.1% prior.

NZD dropped quick 30 pips to 0.7230s.

AUD in the meantime rallying towards 76 cents pushing AUDNZD cross higher.