New Zealand Trade Balance improves on YoY, NZD/USD remains on the back foot
|As per the latest notifications from the Statistics New Zealand, September month trade data from New Zealand (NZ) have been mixed with the headline Trade Balance flashing -5.21B versus $-5.49B expected (YoY) figure while MoM data registers $-1,242M deficit versus $-1,112M forecast.
Further, Imports stood unchanged at upwardly revised $5.71B whereas Exports increased to $4.47B against $4.08B (revised from $4.13B).
In a reaction, the NZD/USD pair seesaws near 0.6400 while carrying the previous weakness.
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