HiFX Data Update - NZ Trade Balance (Aug) Release

Wednesday, 26 September 2018, 11:12 am
Press Release: HiFX

The NZ Trade Balance for August has just been released.

They came in worse than expected:

NZ Trade Balance:

Trade Balance (Aug) $1.48bio deficit Consensus $925mio deficit
- Imports (Aug) $5.54bio Consensus $5.50bio
- Exports (Aug) $4.05bio Consensus $4.40bio

Trade Balance Year to Aug $4.81bio deficit - consensus $4.6bio deficit.

The NZD is lower in immediate response.

ANZ Business Confidence will be released at 1pm. Will it be another shocker or have things improved?

Current indicative rates are:

NZD-USD 0.6625 / 0.6650
NZD-AUD 0.9145 / 0.9170
NZD-EUR 0.5630 / 0.5655
NZD-GBP 0.5025 / 0.5050
NZD-JPY 74.90 / 75.15

ends

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