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NZ Trade balance much better than expected

Written by Sam Coxhead on April 29th, 2011.      0 comments

11:00 AM (NZT) The New Zealand trade numbers just released for the month of March showed a 464million NZd trade surplus against expectations of a 204million surplus, this has given nthe NZD a little boost pushing it around .3%  against most trading partners.

In offshore markets the risk bias has been more muted as profit takign has taken place in the EURO and AUD. Stocks in the US were close to flat at the end of trade and Microsoft missed earnings expectations. Asian markets should open slightly lower on the back of this.
 

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