NZD marked lower on the worse than expected economic contraction data from New Zealand | Forexlive

The economy in New Zealand shrunk in the final quarter of 2022:

As you can see from the headline the contraction was worse than expected.

NZD/USD began its slide on this during the Asian session yesterday:

And got worse overnight with the huge shift in to USD on Credit Suisse fears:

Adding to its losses now: