- February 26, 2019
- Posted by: Trading
- Category: Alerts
New Zealand Dollar Talking Points:
- New Zealand’s January trade balance read -914 million New Zealand Dollars versus an expected deficit of -300 million
- Learn to trade news events like this one with our Trade the News Trading Guide
The New Zealand Dollar traded lower across the board late Tuesday as disappointing trade data crossed the wires. New Zealand’s January trade balance read -914 million New Zealand Dollars, notably higher than the expected deficit of -300 million. Compared to the month prior, New Zealand’s trade deficit increased by more than 1 billion New Zealand Dollars.
New Zealand Dollar Price Chart: 1-Minute Time Frame (February 26) (Chart 1)
While the New Zealand Dollar initially traded lower on the news, NZDUSD subsequently mounted a rebound to seemingly steady off near 0.6891.
Check back here for updates as the story develops…
–Written by Peter Hanks, Junior Analyst for DailyFX.com
Contact and follow Peter on Twitter @PeterHanksFX
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