New Zealand trade balance for August: - 1484m (expected deficit 925m)

New Zealand trade balance for August -1484m and a big miss

• expected -925m, prior -143m

Exports a miss at 4.05bn

• expected 4.40bn, prior 5.35bn

Imports 5.45bn

• expected 5.50bn, prior 5.49bn

NZD marked 10 or pips lower

--

Still to come from NZ today:

• NZ business confidence has collapsed - we get the latest data today