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HiFX Data Update - NZ Trade Balance

HiFX Data Update - NZ Trade Balance Release

The NZ Trade Balance for January has just been released.

They came in worse than expected (i.e. larger deficit):

NZ Trade Balance:

Trade Balance (Jan) $566 mio deficit Consensus $ 0.0 (flat)
- Imports (Jan) $4.31 bio
- Exports (Jan) $4.87 bio

Trade Balance Year to Date $3.218 bio deficit Consensus $2.711 bio deficit

The NZD is a little lower in immediate response.

Current indicative rates are:

NZD-USD 0.7295 / 0.7320
NZD-AUD 0.9290 / 0.9315
NZD-EUR 0.5920 / 0.5945
NZD-GBP 0.5220 / 0.5245
NZD-JPY 78.00 / 78.25


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