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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 |
|
|
1.0896 -60 pips |
1.0962 -6 pips |
1.09559 | |
| EURNZD |
|
|
1.8855 -678 pips |
1.9438 +95 pips |
1.95329 | |
| NZDCAD |
|
|
0.8110 -74 pips |
0.8250 -66 pips |
0.81839 | |
| NZDJPY |
|
|
86.5705 -168 pips |
89.1467 -90 pips |
88.250 | |
| NZDUSD |
|
|
0.5893 -79 pips |
0.6061 -89 pips |
0.59725 | |
| GBPNZD |
|
|
2.1958 -518 pips |
2.1873 +603 pips |
2.24762 | |
| NZDCHF |
|
|
0.4938 +173 pips |
0.5033 -268 pips |
0.47646 |
News (NZD)
New Zealand Services Index Improves In June - BusinessNZ
The services sector in New Zealand continued to contract in June, albeit at a slower pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 47.3.
RTTNews | 1 day ago
New Zealand Manufacturing Sector Improves In June - BusinessNZ
The manufacturing sector in New Zealand continued to contract in June, albeit at a slower rate, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 48.8.
RTTNews | 3 days ago
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 | 5 days ago
