New Zealand terms of trade for Q3: -0.3% q/q (expected 0.0%)
NZ third quarter terms of trade (comparing the prices of a country's exports against those for imports … in a nutshell)
-0.3 % q/q, a miss on already low expectations
- expected 0.0% q/q, prior +0.6%
Export prices +3.3% q/q (export volumes +1.8% q/q)
- import prices +2.6% q/q (import volumes -0.9%)
NZD is higher following the China - US news, this taking a little of the steam out of it but its still up from late Friday levels.