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New Zealand Balance of Trade
For its economic well-being, New Zealand is heavily reliant on international trade. New Zealand's economy has always been built on the premise of exports from its highly efficient agriculture sector, which includes dairy goods, beef, forest products, fruit, and beverages, among other things. Vehicles, machinery, and equipment, as well as petroleum, electronics, plastics, and airplanes, are the most common imports into New Zealand. China, Australia, the United States, Japan, and South Korea are the country's primary trading partners.
A higher than expected figure should be seen as positive (bullish) for the NZD while a lower than expected figure should be seen as negative (bearish) for the NZD.
Forex Sentiment (NZD)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| AUDNZD |
|
|
1.0844 -48 pips |
1.0911 -19 pips |
1.08915 | |
| EURNZD |
|
|
1.8905 -616 pips |
1.9479 +42 pips |
1.95207 | |
| NZDCAD |
|
|
0.8126 -95 pips |
0.8276 -55 pips |
0.82207 | |
| NZDJPY |
|
|
86.5133 -129 pips |
89.0038 -120 pips |
87.801 | |
| NZDUSD |
|
|
0.5902 -101 pips |
0.6070 -67 pips |
0.60032 | |
| GBPNZD |
|
|
2.2173 -454 pips |
2.1222 +1405 pips |
2.26270 | |
| NZDCHF |
|
|
0.4934 +165 pips |
0.5023 -254 pips |
0.47688 |
News (NZD)
New Zealand Holds Key Rate As Expected
The Reserve Bank of New Zealand left its benchmark interest rate unchanged on Wednesday citing elevated level of uncertainty and near-term risks to inflation. The Monetary Policy Committee, governed by Christian Hawkesby, decided to hold the Official Cash Rate at 3.25 percent. The bank has paused the easing cycle for the first time since it started cutting rates in August 2024.
RTTNews | 13h 30min ago
New Zealand Building Permits Jump 10%In May
The number of building permits issued in New Zealand was up a seasonally adjusted 10 percent on month in June, Statistics New Zealand said on Tuesday - coming in at 3,151.
RTTNews | 8 days ago
New Zealand GDP Expands 0.8% In Q1
New Zealand's gross domestic product expanded by a seasonally adjusted 0.8 percent on quarter in the first quarter of 2025, Statistics New Zealand said on Thursday.
RTTNews | 20 days ago
