Comes in at a surplus of 640m, well ahead of the deficit that was the median expectation
- expected -125m
- prior -1193m
Exports outperformed expected, at 5.55bn
- expected 5bn,
- prior 4.63bn
Imports came in smaller than expected at 4.91bn
- expected 5.1bn
- prior 5.82bn
NZD had a wee pop and is a few points ahead of where it was just prior to the data release. NZD/USD was lower overnight I, pretty much in line with the stronger USD across the board.
