NZ Q3 current account balance NZ$-1.4Bln

NewZealand’s Q3 current account deficit has come in well below the expected NZ$-2.6 Bln, its lowest number in over 7 years. Seasonally adjusted, Q3 current account balance is NZ$+0.34 Bln.

Year to September the number is NZ$-5.7 Bln well below the forecast of NZ$-7.2 Bln, and in terms of GDP, its -3.1%.

NZDUSD hasnt bounced on the numbers, following the AUD lower.