New Zealand Current Account Balance
Written December 21, 2009 at 4:44 PM EST by Alex Chernomordin
The New Zealand Current Account Balance and its ratio to GDP came out better than expected, giving the Kiwi a light bid after taking a hit to start the week. The readings were as follows:
Current Account Balance -Survey:-2.03B Actual:-1.413B Prior:.124B
Account Deficit - GDP Ratio - Survey:-3.5% Actual:-3.1% Prior:-5.9%
NZD/USD is approaching what has acted as a support level above the 70 cent handle. A break could bring the mid-summer highs into play.
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