- -789M vs -630M exp
- Exports 3.32B vs 3.55B exp
- Imports 4.1B vs 4.1B exp
Soft exports is the worst way to post a higher-than-expected deficit, it shows weak global demand.
Bloomberg helped to whipsaw NZD with an initial headline reporting it as a surplus. NZD/USD headed lower now; support ahead of yesterday’s 0.8181 low.
