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 |
|
|
1.0852 -102 pips |
1.0959 -5 pips |
1.09541 | |
| EURNZD |
|
|
1.7853 -183 pips |
1.8060 -24 pips |
1.80362 | |
| NZDCAD |
|
|
0.8119 -7 pips |
0.8204 -78 pips |
0.81258 | |
| NZDJPY |
|
|
90.2960 -226 pips |
92.0291 +52 pips |
92.551 | |
| NZDUSD |
|
|
0.5945 -4 pips |
0.6078 -129 pips |
0.59488 | |
| GBPNZD |
|
|
2.0830 -209 pips |
2.0696 +343 pips |
2.10390 | |
| NZDCHF |
|
|
0.5380 -45 pips |
0.5502 -77 pips |
0.54250 |
News (NZD)
New Zealand Inflation Gains 0.6% On Quarter In Q1
Consumer prices in New Zealand were up a seasonally adjusted 0.6 percent on quarter in the first quarter of 2024, Statistics New Zealand said on Wednesday.
RTTNews | 9 days ago
New Zealand Services Index Slumps In March - BusinessNZ
The services sector in New Zealand fell into contraction territory in March, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 47.5.
RTTNews | 11 days ago
New Zealand Food Prices Rise 0.7% On Year In March
Food prices in New Zealand were up 0.7 percent on year in March, Statistics New Zealand said on Friday - slowing from 2.1 percent in February.
RTTNews | 14 days ago
