New Zealand trade balance for January shows a surplus of 8m
- expected -271m, prior was -53m
Exports 3.9bn
- expected 3.71bn, prior was 4.43bn
Imports 3.89bn
- expected 3.95bn, prior 4.48bn
Annual trade deficit was NZ$3.6bn
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From Stats NZ. emphasizing the importance of China as a destination for exports over ozz:
- Exports of milk powder, butter, and cheese, as well as cherries, propelled China further ahead of Australia as New Zealand's top export destination in January 2016
NZD wiggled and is now net up a few points. It and the AUD have been stars overnight.