Breaking News

New Zealand Current Account QoQ

Latest Release

Mar 19, 2024

Actual

-7.84B

Forecast

-7.79B

-11.47B

The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure. Because foreigners must buy the domestic currency to pay for the nation's exports the data can have a sizable affect on the NZD.

A higher than expected reading should be taken as positive/bullish for the NZD, while a lower than expected reading should be taken as negative/bearish for the NZD.

Importance:

Country:

Currency: NZD

Source: Statistics New Zealand

Release Date	Time	Actual	Forecast	Previous
Mar 20, 2024 (Q4)	07:45	-7.84B	-7.79B	-11.47B
Dec 13, 2023 (Q3)	07:45	-11.47B	-10.85B	-4.65B
Sep 20, 2023 (Q2)	08:45	-4.21B	-4.80B	-5.22B
Jun 14, 2023 (Q1)	08:45	-5.22B	-6.90B	-10.07B
Mar 15, 2023 (Q4)	07:45	-9.46B	-7.64B	-11.40B
Dec 14, 2022 (Q3)	07:45	-10.20B	-10.00B	-5.42B

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Analysis

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By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Brexit and trade headlines took currencies on a rollercoaster ride on Wednesday. At the start of the NY session, GBP/USD dropped...

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