New Zealand's seasonally-adjusted Trade Balance for the year ended in February rose to $-11.99 billion YoY compared to the previous period's $-12.62 billion, with both Exports and Imports rising in February from January's minor decline.
New Zealand's seasonally-adjusted Trade Balance for the year ended in February rose to $-11.99 billion YoY compared to the previous period's $-12.62 billion, with both Exports and Imports rising in February from January's minor decline. New Zealand's February Imports saw a meager rise to 6.11 billion, a slight but measurable recovery from January's dip to an 11-month low of 5.9 billion.
February's New Zealand Exports are 16% higher than the same time in 2023, rising $823 million YoY. Goods Imports are also 3.3% higher than at the same time last year, rising $194 million YoY. Market reaction The NZD/USD is trading thinly in Friday's early Asia market session, churning just beneath the 0.6050 level after the pair sagged from a failed bid to capture the 0.6100 handle amidst Thursday's broad-market US Dollar recovery.
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