New Zealand Trade Balance (NZD/USD)

Written January 6, 2010 at 4:51 PM EST by  

The New Zealand Trade Balance reading for November beat forecasts and the Kiwi got a boost against the USD, continuing its rally following the Fed Meeting Minutes earlier in the session. The details of the release are as follows: 

Trade Balance – Survey:-299M    Actual:-269M   Prior:-487M

Imports – Survey:3.42B    Actual:3.34B   Prior:3.45B

Exports – Survey:3.18B    Actual:3.07B   Prior:2.97B

TB YTD – Survey:-869    Actual:-846   Prior:-1164

The NZD/USD pair is attempting to retrace the new 2010 highs, with support seen at the 50% retracement of the latest move.

nzdusd

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