The typical/expected market impact of this event is low.
The consensus forecast for Trade Balance NZD (MoM) is $-746M. A higher value than forecast tends to be bullish for NZD/xxx pairs and bearish for xxx/NZD pairs.
Lower numbers than forecast tend to be bullish for xxx/NZD pairs and bearish for NZD/xxx pairs.
The most recent announced value for Trade Balance NZD (MoM) was $-578M against a forecast of $70M.
Recent economic data has been strongly bearish for NZD. Other recent announcements which may affect the market's interpretation of the next Trade Balance NZD (MoM) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Gross Domestic Product (QoQ) | Bearish change | 0.9% | -0.9% | ||
Gross Domestic Product (YoY) | (no change) | -0.6% | -0.6% | ||
Westpac Consumer Survey | Bearish change | 91.2 | 90.9 | ||
Business NZ PSI | Bearish change | 48.9 | 47.5 | ||
Business NZ PMI | Bearish change | 52.8 | 49.9 |
Country: | New Zealand |
---|---|
Currency: | NZD |
Source: | Stats NZ |
Category: | Capital Flows |
Frequency: | Monthly |
Australia | Trade Balance (MoM) | ||
Australia | Exports (MoM) | ||
Australia | Imports (MoM) | ||
Canada | Current Account | ||
China | Imports (YoY) | ||
China | Exports (YoY) | ||
China | Trade Balance USD | ||
China | Trade Balance CNY | ||
China | Imports (YoY) CNY | ||
China | Exports (YoY) CNY | ||
Germany | Trade Balance s.a. | ||
Japan | Merchandise Trade Balance Total | ||
Japan | Exports (YoY) | ||
Japan | Imports (YoY) | ||
Japan | Current Account n.s.a. | ||
New Zealand | Exports | ||
New Zealand | Trade Balance NZD (YoY) | ||
New Zealand | Imports |