New Zealand Trade Balance came in mixed for August, NZD/USD remains flat above 0.5900

According to the latest data released by Statistics New Zealand on Friday, the nation’s Trade Balance (NZD) dropped to $-2,291M MoM in August versus $-1,107M prior. 

The annual trade deficit improved to $15.54B for the said month versus $-15.88B prior figures.

Market reaction

At the press time, the spot is up 0.07% on the day to trade at 0.5934.