New Zealand dollar edged higher against the Greenback, still stuck in the range of 0.68 after the release of the trade balance in November. New Zealand trade balance deficit better than expected.
Today (23/12), the pair NZD / USD tends to be flat at 0.6813 and edged higher only 0:10 per cent, supported by New Zealand's trade balance report which recorded the lowest deficit during the past four months. Previous New Zealand dollar has rallied for three consecutive days. However, the strengthening Kiwi restrained by the US dollar got up to follow the US GDP surges. At time of writing, the US Dollar Index (DXY) began to rise towards 98.2 0:02 percent.
According to data taken from Statistics New Zealand, mom trade deficit contracted from 905 million in October to only 779 million dollars, better than the consensus forecast of 810 million Dollars. The achievement is supported by a surge in exports to China by 17 percent, while neighboring countries Australia actually decreased 4.1 percent.
During the year 2015 up to November, the trade balance New Zealand suffered a minus of 3.7 billion dollars, the highest since April 2009. Meanwhile, if drawn from an annual basis, a deficit increasingly November swelled to -3.68 billion -3.18 billion dollars from the same month last year, but still below analysts' estimates as much as -3.76 billion Dollars.
Today (23/12), the pair NZD / USD tends to be flat at 0.6813 and edged higher only 0:10 per cent, supported by New Zealand's trade balance report which recorded the lowest deficit during the past four months. Previous New Zealand dollar has rallied for three consecutive days. However, the strengthening Kiwi restrained by the US dollar got up to follow the US GDP surges. At time of writing, the US Dollar Index (DXY) began to rise towards 98.2 0:02 percent.
According to data taken from Statistics New Zealand, mom trade deficit contracted from 905 million in October to only 779 million dollars, better than the consensus forecast of 810 million Dollars. The achievement is supported by a surge in exports to China by 17 percent, while neighboring countries Australia actually decreased 4.1 percent.
During the year 2015 up to November, the trade balance New Zealand suffered a minus of 3.7 billion dollars, the highest since April 2009. Meanwhile, if drawn from an annual basis, a deficit increasingly November swelled to -3.68 billion -3.18 billion dollars from the same month last year, but still below analysts' estimates as much as -3.76 billion Dollars.
No comments:
Post a Comment