NZ: Trade deficit narrowed to NZ$143mn in July - TDS

Sandeep Kanihama FXStreet Contributor

New Zealand’s trade deficit narrowed to NZ$143mn in July from a revised NZ$288mn previously (revised from -NZ$113mn), notes the research team at TD Securities.

Key Quotes

“Exports increased to NZ$ 5.35bn while imports increased to NZ$5.49bn. Despite this narrower deficit in July, the annual deficit was the largest since March 2009.”

“More interesting were comments from RBNZ governor Orr that "We don't rule out a rate cut if we have to".”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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