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XE Data Update - NZ Trade Balance Release
The NZ Trade Balance for April has just been released.
They came in marginally worse than expected:
NZ Trade Balance:
Trade Balance (Apr)
$433mio surplus Consensus $450mio
surplus
- Imports (Apr)
$5.11bio Consensus $4.90bio
- Exports (Apr) $5.55bio
Consensus $5.35bio
Trade Balance Year to Oct $5.48bio deficit Consensus $5.47bio deficit.
Last month’s Trade Balance was revised lower by NZD$98mio to NZD$824mio.
The rise in exports was led by dairy products (milk powder, butter, & cheese), and in untreated logs, kiwifruits, and meat and edible offal.
The NZD is little changed in immediate response.
Below is the link to the Stats NZ report:
https://www.stats.govt.nz/news/high-levels-of-exports-continue-in-april
Current indicative rates are:
NZD-USD
0.6510 / 0.6535
NZD-AUD 0.9440 / 0.9465
NZD-EUR
0.5825 / 0.5850
NZD-GBP 0.5125 / 0.5150
NZD-JPY
75.45 /
75.70
ends
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