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Trading news
29 Jan 2020
NZ Trade Balance (December) recovers from $-4.85B to $-4.31B, NZD/USD mostly unchanged
December month trade numbers from Statistics New Zealand fails to surprise the NZD/USD pair traders despite recovering from their downwardly revised priors.
The headlines Trade Balance (YoY) rose to $-4.31B from $-4.85B (revised from $-4.82B) whereas Imports and Exports followed the footsteps with $5B and $5.54B figures versus $6B (5.98B earlier) and $5.21B (5.21B) priors respectively.
FX implications
NZD/USD pair shows a little reaction to the data while taking rounds to 0.6525 amid the initial Thursday morning in Asia.