As per the latest New Zealand (NZ) foreign trade numbers from the New Zealand Statistics, the headline Trade Balance drops to $-1,107.0M MoM in July v
ersus $-111.0M prior . However, the annual trade deficit improves to $15.81B for the said month versus $16.11B prior figures .
Further details suggest that Exports ease to $5.45B during the said month versus $6.18B prior whereas Imports improves to $6.56B compared to $6.29B in previous readings.fails to offer any meaningful reaction to the mixed NZ trade numbers for July while staying depressed around 0.5920 amid the early hours of Monday’s Asian. It’s worth noting that the Kiwi pair dropped in the last five consecutive weeks to refresh the yearly low to around 0.5900.
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