New Zealand's annualized Trade Balance declines $-9.87 billion after a rise in MoM Exports
New Zealand's Trade Balance in NZD terms fell $-9.87 billion through the year ended in March, slightly less than the previous YoY period, which declined $-12.06 billion, a slight downside revision from the initial print of $-11.99 billion.
New Zealand's Exports rose to a 10-month high of 6.5 billion in March, lifting from the previous month's $5.79 billion (revised slightly from $5.89 billion).
New Zealand's Imports in March fell slightly, printing at $5.91 billion versus February's $6.1 billion, which was also revised slightly from $6.11 billion.
Market reaction
Reaction to New Zealand Trade Balance figures is muted as markets gear up for the early Wednesday market section in the Pacific. The NZD/USD is trading tightly near 0.5935.
About New Zealand's Trade Balance
Trade balance, released by Statistics New Zealand, is the difference between the value of country's exports and imports, over a period of year. A positive balance means that exports exceed imports, a negative ones means the opposite. Positive trade balance illustrates high competitiveness of country's economy.
Reprinted from FXStreet，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.