New Zealand trade deficit widens in March, NZD/USD stays pressured

As per the latest New Zealand (NZ) foreign trade numbers from the New Zealand Statistics, the headline Trade Balance dropped to $-1,273M versus $-796M prior (revised).

More to come

About New Zealand Trade Balance

The Trade Balance released by the Statistics New Zealand is a measure of balance amount between import and export, and it is published in New Zealand dollar terms. A positive value shows a trade surplus while a negative value shows a trade deficit. Any variation in the figures influences the domestic economy. If a steady demand in exchange for exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the NZD.