Analysts at TD Securities note that the New Zealand’s witnessed a blockbuster March surplus of $NZ922m with exports leaping to $NZ5.7b, a fresh record high heading to AUD, JPY and CNY. Key Quotes “The import slide to $NZ4.77b was unexpected given that fuel prices have accelerated in recent months and NZ is a heavy importer of energy. The March decline in fuel imports must then be set for an April rebound. Our Q1 GDP tracking has jumped from 0.3% to 0.8% just on today’s trade news of higher exports and lower imports.” “We won’t know the price-volume split until early June but looks like trade adds 0.5%ppt to GDP growth and the current account deficit shrinks to -3.2% of GDP (from -3.7%).” “Also released consumer confidence jumped another 1% to 123.2 in April, likely pleased with the PM’s decision to not proceed with a CGT.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Side-effects of Brexit on the UK economy have intensified – Goldman Sachs FX Street 4 years Analysts at TD Securities note that the New Zealand's witnessed a blockbuster March surplus of $NZ922m with exports leaping to $NZ5.7b, a fresh record high heading to AUD, JPY and CNY. Key Quotes "The import slide to $NZ4.77b was unexpected given that fuel prices have accelerated in recent months and NZ is a heavy importer of energy. The March decline in fuel imports must then be set for an April rebound. Our Q1 GDP tracking has jumped from 0.3% to 0.8% just on today's trade news of higher exports and lower imports." "We won't know the price-volume split until early… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
