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New Zealand Current Account much worse than expected

Written by Sam Coxhead on March 23rd, 2011.      0 comments

11:00 AM (NZT) The New Zealand Current Account for 4thQuarter 2010 has just come out at -3.52 billion against expectations of -2.13 billion. This release saw the NZD dip slightly against most trading partners, but the overall impact has been minimal so far. External drivers are far more significant to the price action in the NZD at this stage.
 
          Last 24 hours trade
  Current level Pre-NZ C/A Chge since NZ C/A   Low High
NZD/USD 0.7402 0.7410 -0.1%   0.7339 0.7447
AUD/USD 1.0108 1.0107 0.0%   1.0038 1.0131
NZD/AUD 0.7323 0.7329 -0.1%   0.7295 0.7353
AUD/NZD 1.3656 1.3644 0.1%   1.3600 1.3708
NZD/GBP 0.4523 0.4528 -0.1%   0.4506 0.4548
NZD/EUR 0.5215 0.5219 -0.1%   0.5166 0.5229
NZD/JPY 59.96 60.03 -0.1%   59.45 60.39
NZD/CAD 0.7260 0.7268 -0.1%   0.7183 0.7286
 
 

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