New Zealand trade balance for January -626m NZD

  • expected -627NZD , prior +17NZD

exports NZD 4.19bn

  • expected NZD 4.19bn , prior 5.35bn NZD

imports NZD 4.82bn

  • expected 4.82bn NZD , prior 5.33bn NZD

From New Zealand this week we've had the RBNZ Monetary Policy Statement (that included a tweak to the expected cash rate path .... higher), then a change to the Bank's remit imposed by NZ Treasury, and globally a bond sell-off .... the trade date will drift on by without causing much of a ripple.