NZ Dollar Weak Despite Trade Surplus

Mar 26,2019 14:00   Source:Earnforex
The New Zealand dollar was one of the weakest currencies on the Forex market today, though managed to outperform the Japanese yen. Better-than-expected domestic macroeconomic data failed to bolster the kiwi. Statistics New Zealand reported that the trade balance turned from a deficit of NZ$948 million in January to a surplus of NZ$12 million in February. That was a surprise to analysts, who were expecting a deficit of NZ$200 million. Milk powder, butter, and cheese led the rise […]

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