New Zealand BoP Current Account for Q2: NZD -0.681bn (expected -0.9 bn)

NZ Balance of Payments Current Account for the April - June quarter, a smaller deficit than exected

NZD -0.681bn

• Expected -0.9 bn, prior +0.221bn, revised from +0.244 bn (which takes some of the shine off the Q2 beat I suppose)

Current Account GDP Ratio YTD comes in at -2.8%, also a beat

• expected -3.1 %, prior -2.9%, revised from -3.1%

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The focus on New Zealand is on the election due over the weekend, but also on Q2 GDP coming up tomorrow:

• NAB on the NZ election & NZD: Fade knee-jerk NZD reaction to political developments
• New Zealand election September 23 - here's the bottom line
• New Zealand - big week coming up & an election that's too close to call
• NZD traders - election Sept 23 - the risks for the currency