NZ: Trade surplus down to NZD103m - Rabobank

Sandeep Kanihama FXStreet Contributor

Today we saw NZ trade data, where exports did well but imports surged, taking the trade surplus down to just NZD103m from a prior NZD536m, and vastly below to NZD419m expected, notes Michael Every, Senior Asia-Pacific Strategist at Rabobank.

Key Quotes

“On a 12-month rolling basis that saw the deficit blow out to –NZD3,754m from –NZD3,514m. Not that the much-mentioned NZD has reacted much to the news.”

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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