New Zealand food price inflation holds steady in August
New Zealand's August trade deficit was -1349mn, with imports at 8bn and exports at 6.66bn. Food price inflation held at 1.9% y/y, unchanged from July.
New Zealand's August trade deficit was -1349mn, with imports at 8bn and exports at 6.66bn. Food price inflation held at 1.9% y/y, unchanged from July.
New Zealand Q2 GDP rose 2.6% y/y, above the 2.3% forecast, supporting the kiwi dollar.
NZD/USD enters Thursday's NZ GDP release already in a breakdown, with three outlined scenarios for the pair's reaction depending on the data outcome.
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