The New Zealand Trade Balance has arrived as follows: NZ Trade Balance NZ OCT MONTH IMPORTS NZ$+6.05 BILLION. NEW ZEALAND OCT MONTH TRADE BALANCE NZ$-1.01 BILLION. NZ OCT MONTH EXPORTS NZ$+5.03 BILLION. NEW ZEALAND OCT ANNUAL TRADE BALANCE NZ$-5.04 BILLION. Description Trade balance, released by Statistics New Zealand, is the difference between the value of country’s exports and imports, over a period of year. A positive balance means that exports exceed imports, a negative ones means the opposite. Positive trade balance illustrates high competitiveness of country’s economy. Key notes More to come… FX implications NZD/USD consolidated yesterday’s positive response to the retail sales data and traders had been awaiting this data as well as RBNZ Governor Adrian Orr who is due to hold a press conference about the Financial Stability Report, in Wellington. The reaction was a pop to the upside hunting down a fresh high for the day. Meanwhile, market pricing for RBNZ implies a 30% chance of easing in February, with a terminal rate of 0.84%. 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 AUD/NZD stays near three-month low after NZ trade balance, eyes on speech from RBNZ’s Orr FX Street 3 years The New Zealand Trade Balance has arrived as follows: NZ Trade Balance NZ OCT MONTH IMPORTS NZ$+6.05 BILLION. NEW ZEALAND OCT MONTH TRADE BALANCE NZ$-1.01 BILLION. NZ OCT MONTH EXPORTS NZ$+5.03 BILLION. NEW ZEALAND OCT ANNUAL TRADE BALANCE NZ$-5.04 BILLION. Description Trade balance, released by Statistics New Zealand, is the difference between the value of country's exports and imports, over a period of year. A positive balance means that exports exceed imports, a negative ones means the opposite. Positive trade balance illustrates high competitiveness of country's economy. Key notes More to come... FX implications NZD/USD consolidated yesterday's positive response to… 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.
