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.