New Zealand trade balance for January: -626m NZD  (expected -627m NZD)

New Zealand trade balance for January -626m NZD

• expected -627NZD , prior +17NZD

exports NZD 4.19bn

• expected NZD 4.19bn , prior 5.35bn NZD

imports NZD 4.82bn

• expected 4.82bn NZD , prior 5.33bn NZD

From New Zealand this week we've had the RBNZ Monetary Policy Statement (that included a tweak to the expected cash rate path .... higher), then a change to the Bank's remit imposed by NZ Treasury, and globally a bond sell-off .... the trade date will drift on by without causing much of a ripple.