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NZD traders - Economic data due from New Zealand soon

We better not let the oil traders have all the fun.

NZ November trade balance is due at 2145GMT.

Trade balance,

  • expected is a deficit of 810m, prior was -963m

Exports,

  • expected is 3.9bn, prior was 3.83bn

Imports,

  • expected is 4.75bn, prior was 4.7bn

Data from New Zealand has been on the improve, contrasting with dairy prices that have been soft over the past year.

NZD has been on a tear. Some resistance seen around 0.6830/50 (if it manages to clear those sellers, though, there are large stops above 0.6845/50). Support 0.6760/80

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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