23 Dec 2014
New Zealand trade deficit shrinks – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team notes that NZ trade figures printed a deficit for the 5th month at a stretch, but narrower than anticipated.
Key Quotes
“In the currency market, AUD is down less than 20 pips from the open around $0.8115 contained to a narrow range, NZD/USD is marginally positive around $0.7740, and USD/JPY is consolidating a 5-day rebound above ¥120 handle.”
“New Zealand Trade figures are the most notable economic data for the session, printing its 5th month of deficit but a narrower one than expected. A closer look at the components show smaller than expected import volume, even as Exports to China and Australia are down 44% and 11% y/y. Exports of dairly are also off by 27% at NZ$1.23B.”
Key Quotes
“In the currency market, AUD is down less than 20 pips from the open around $0.8115 contained to a narrow range, NZD/USD is marginally positive around $0.7740, and USD/JPY is consolidating a 5-day rebound above ¥120 handle.”
“New Zealand Trade figures are the most notable economic data for the session, printing its 5th month of deficit but a narrower one than expected. A closer look at the components show smaller than expected import volume, even as Exports to China and Australia are down 44% and 11% y/y. Exports of dairly are also off by 27% at NZ$1.23B.”