Can someone explain to me why the NZD/USD recovered 80 pips after it was officially announced that their economy contracted by 0.3% in Q1? It matched market expectations, the USD was simultaneously strengthening against other currencies, and the price of gold was also steadily decreasing. I am clearly still a young grasshopper in the world of Forex. I thought for sure there would be at least a double digit drawdown on this pair. Why on earth did this currency recover so much while flying in the face of these three factors? I'll be checking the news after I post this, so maybe I'll have my own answer, but I'd appreciate an explanation from anyone else. Thanks guys.