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New Zealand Balance of Trade
For its economic well-being, New Zealand is heavily reliant on international trade. New Zealand's economy has always been built on the premise of exports from its highly efficient agriculture sector, which includes dairy goods, beef, forest products, fruit, and beverages, among other things. Vehicles, machinery, and equipment, as well as petroleum, electronics, plastics, and airplanes, are the most common imports into New Zealand. China, Australia, the United States, Japan, and South Korea are the country's primary trading partners.
A higher than expected figure should be seen as positive (bullish) for the NZD while a lower than expected figure should be seen as negative (bearish) for the NZD.
Forex Sentiment (NZD)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| AUDNZD |
|
|
1.0723 +19 pips |
1.0844 -140 pips |
1.07038 | |
| EURNZD |
|
|
1.8410 -530 pips |
1.9168 -228 pips |
1.89400 | |
| NZDCAD |
|
|
0.8181 -125 pips |
0.8338 -32 pips |
0.83065 | |
| NZDJPY |
|
|
83.8336 -192 pips |
88.1927 -244 pips |
85.755 | |
| NZDUSD |
|
|
0.5841 -150 pips |
0.6067 -76 pips |
0.59915 | |
| GBPNZD |
|
|
2.1823 -387 pips |
2.1783 +427 pips |
2.22095 | |
| NZDCHF |
|
|
0.4918 -59 pips |
0.5119 -142 pips |
0.49766 |
News (NZD)
New Zealand Trade Surplus Tops Expectations
New Zealand's trade surplus increased more than expected in March to the highest level since the coronavirus pandemic in 2020 as exports to China and the US logged double-digit growth, official data revealed on Tuesday. The trade surplus rose sharply to NZ$970 million from NZ$392 million in February, Stats NZ said. This was the highest surplus since May 2020.
RTTNews | 2 days ago
New Zealand Inflation Rises To 2.5%
New Zealand inflation accelerated for the first time in nearly three years in the first quarter but it remained well within the central bank target, official data showed on Thursday. Consumer price inflation rose to 2.5 percent in the first quarter from 2.2 percent in the preceding period, Sats NZ reported.
RTTNews | 7 days ago
Reserve Bank Of New Zealand Cuts Rate By 25 Bps, Signals Further Easing
The Reserve Bank of New Zealand reduced its benchmark rate by a quarter-point, as expected on Wednesday, and hinted at further easing as recent increases in trade tariffs pose downside risks to economic outlook. The Monetary Policy Committee, led by acting governor Christian Hawkesby, decided to cut the Official Cash Rate by 25 basis points to 3.50 percent, which was the lowest since October 2022.
RTTNews | 15 days ago
