NZ Current Account Balance Release

NZ Current Account Balance Release

The NZ Current Account Balance for Q4 2016 has just been released.

The Current Account Deficit was marginally better than expected (smaller deficit):

Current Account Balance Q4 $2.34 bio Deficit (Consensus $2.5 bio Deficit)

Current Account Balance (seasonally adjusted) $1.6 bio Deficit
Year to June 2016 Current Account Balance $7.11 bio Deficit
Current Account Deficit as % of GDP 2.7% (Consensus 2.8%)

Revisions to prior quarters were marginally worse than initially reported.

The NZD is little changed in immediate response.

Tomorrow is a big data day with the US Fed widely expected to raise the (Fed Funds) interest rate by 0.25%, followed by NZ GDP (Q4) and Australian employment figures. We will see some market volatility!

Current indicative levels are:

NZD-USD 0.6910 / 0.6935
NZD-AUD 0.9145 / 0.9170
NZD-EUR 0.6510 / 0.6535
NZD-GBP 0.5680 / 0.5705
NZD-JPY 79.30 / 79.55

ends

© Scoop Media