The NZD sits lower this morning against a broadly stronger USD. The NZD/USD trades around 0.7930 currently.
The NZD has been buffeted by global data releases over the past 24-hours. Yesterday morning, the NZD/USD initially responded positively to domestic data showing a higher than expected June trade balance ($414m vs. $105m expected). However, the details were a little more disappointing than the headline suggested. Exports were marginally above market expectations, but imports were substantially weaker than expected.
Read the full report: FX Daily
BNZ