NZ Dollar Advances Despite Worse-Than-Expected Trade Balance

The New Zealand dollar rose today despite New Zealand’s trade balance, which was released overnight, missed expectations.
Statistics New Zealand reported that the trade balance deficit was at NZ$1.3 billion in October. It was a decrease from September’s deficit of NZ$1.6 billion. Nevertheless, analysts had expected even smaller deficit of NZ$0.85 billion.
NZD/USD advanced from 0.6770 to 0.6803 as of 13:14 GMT today. EUR/NZD declined from 1.6727 to 1.6647, retreating from the daily high of 1.6773.

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