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New Zealand Exports
The economy of New Zealand is highly reliant on international trade. Historically, it has relied on exports from its highly efficient agriculture economy. Country exports primarily dairy products, birds' eggs, natural honey, and edible products of animal origin accounting for 24% of total exports, followed by meat and edible offal (14%), wood and articles made of wood (7%), fruit and nuts, peel of citrus fruits or melons (5%), and beverages, spirits, and vinegar (4%). China (18% of total exports), Australia (17%), the United States (12%), Japan (6%), the United Kingdom, and South Korea (3% each) are the primary export 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 -45 pips |
1.0911 -22 pips |
1.08885 | |
| EURNZD |
|
|
1.8905 -605 pips |
1.9479 +31 pips |
1.95098 | |
| NZDCAD |
|
|
0.8126 -98 pips |
0.8276 -52 pips |
0.82237 | |
| NZDJPY |
|
|
86.5133 -133 pips |
89.0033 -116 pips |
87.839 | |
| NZDUSD |
|
|
0.5902 -104 pips |
0.6070 -64 pips |
0.60059 | |
| GBPNZD |
|
|
2.2173 -457 pips |
2.1224 +1406 pips |
2.26297 | |
| NZDCHF |
|
|
0.4934 +164 pips |
0.5023 -253 pips |
0.47700 |
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 33min 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
