The New Zealand dollar climbed today as the nation’s trade balance deficit shrank last month more than analysts have expected. It was the first daily gain in three sessions against the US dollar and the fifth consecutive advance against the Japanese yen.
The New Zealand trade balance demonstrated a shortage of NZ$213 million in November, down from NZ $911 million in October. Experts predicted the value of NZ$550 million. The report was not completely positive, showing slowdown of trading activity as both imports and exports fell.
NZD/USD rose from 0.7726 to 0.7751 and NZD/JPY advanced from 92.74 to 93.10 as of 11:42 GMT today,
If you have any questions, comments or opinions regarding the New Zealand Dollar,
feel free to post them using the commentary form below.
Be First to Comment