NZD: Current account deficit better than expectations – TDS

Research Team at TDS, notes that the Kiwi current account deficit was a touch better than expectations at –3.1% of GDP vs market expectations of –3.3%.

Key Quotes

“The goods deficit widened on declining dairy prices, but tourism jumped, helping the annual services surplus grow the most since Q3 2004, driving the narrowing in the current account deficit.”

Research Team at TDS, notes that the Kiwi current account deficit was a touch better than expectations at –3.1% of GDP vs market expectations of –3.3%.

(Market News Provided by FXstreet)

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