New Zealand trade deficit widens in March, NZD/USD stays pressured – by anilpanchal7 NewZealand ForeignTrade TradeBalance NZDUSD RiskAversion
As per the latest New Zealand foreign trade numbers from the New Zealand Statistics, the headline Trade Balance dropped to $-1,273M MoM in March versus $-796M prior . That said, the annual trade deficit increased to $16.4B versus $-15.72B prior figures .
The Trade Balance released by Statistics New Zealand is a measure of the balance amount between imports and exports, and it is published in New Zealand dollar terms. A positive value shows a trade surplus while a negative value shows a trade deficit. Any variation in the figures influences the domestic economy. If a steady demand in exchange for exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the NZD.
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