Michael Gordon, analyst at Westpac, points out that the New Zealand’s terms of trade fell by 3% in the December quarter, but suggests that this decline is likely to be short-lived. Key Quotes “Export prices fell by 1.7%, broadly in line with our forecast. Dairy prices fell 5.7%, though that followed a 6.2% rise in the previous quarter. Recent dairy auctions have seen a strong lift in prices, which will help to boost the export figures over the March and June quarters.” “Import prices rose by 1.4%, against our forecast of a 1.5% fall. The main surprise was a reported 7.5% rise in fuel import prices, which came at a time when world oil prices were falling sharply. We suspect that this result will either be revised away or will be sharply reversed in the March quarter figures.” “Export volumes rose by 0.8% while import volumes rose by 0.2%, indicating a small positive contribution to GDP growth in the December quarter.” 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 US Dollar Index sticks to gains near 96.30 FX Street 4 years Michael Gordon, analyst at Westpac, points out that the New Zealand's terms of trade fell by 3% in the December quarter, but suggests that this decline is likely to be short-lived. Key Quotes "Export prices fell by 1.7%, broadly in line with our forecast. Dairy prices fell 5.7%, though that followed a 6.2% rise in the previous quarter. Recent dairy auctions have seen a strong lift in prices, which will help to boost the export figures over the March and June quarters." "Import prices rose by 1.4%, against our forecast of a 1.5% fall. The main surprise was a reported… 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.
