The New Zealand dollar rose today despite New Zealand’s trade balance, which was released overnight, missed expectations.
Statistics New Zealand reported that the trade balance deficit was at NZ$1.3 billion in October. It was a decrease from September’s deficit of NZ$1.6 billion. Nevertheless, analysts had expected even smaller deficit of NZ$0.85 billion.
NZD/USD advanced from 0.6770 to 0.6803 as of 13:14 GMT today. EUR/NZD declined from 1.6727 to 1.6647, retreating from the daily high of 1.6773.
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