NZ Dollar Rises on Current Account Surplus, Fails to Hold onto Gains

Jun 19,2019 22:48   Source:Earnforex
The New Zealand dollar attempted to rally today on the back of a better-than-expected current account reading, but by now the currency has lost its gains and trades below the opening level against most-traded rivals. Statistics New Zealand reported that the current account turned into surplus of NZ$0.68 billion in the March quarter of 2019 from the deficit of NZ$3.49 billion in the previous quarter (without seasonal adjustments). Analysts had expected a smaller surplus of NZ$0.16 […]

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