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NZ Trade Balance posts record monthly deficit

Posted by Akhilesh Ganti on Sep 24, 2013 7:00:00 PM

New Zealand's trade balance for August came out at -1.19 Billion NZD which was much higher than the -700 Million that the market was expecting. The annualized figure rose to -2.06 Billion NZD as imports rose much more than forecast while exports declined. Kiwi slumped about 40 pips on this release.

{chart: Bloomberg}
NZ tradeBalance Aug2013

 

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