Investing.com - Financial Markets Worldwide

New Zealand trade balance deficit widens more-than-expected in August

Published 09/29/2010, 02:13 AM
NZD/USD
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Investing.com – New Zealand's trade deficit widened more-than-expected in August, official data showed on Wednesday.

In a report, Statistics New Zealand said the trade deficit widened to NZD 437 million in August, up from NZD 183 million in July, whose figure was revised down from NZD 186 million.

Economists had expected the trade deficit to widen to NZD 365 million in August.

The report said that imports rose to NZD 3.59 billion in August, while exports fell to NZD 3.15 billion in the month.

Following the release, the New Zealand dollar was down against its U.S. counterpart, with NZD/USD shedding 0.007% to hit 0.7393.

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