NZ data due soon - January trade balance expected to be ... in balance

Just a heads up for the data due at 2145 GMT from New Zealand

January's trade balance is expected to be close to zero - even Stevens. Likely to tilt to a very small deficit but there isn't much in it

  • prior was 640m surplus

Exports

  • expected 4.58bn, prior was 5.55bn

Imports

  • expected 4.60bn, prior was 4.91bn

The data point could move the kiwi if there is a surprise, otherwise it may well passed more or less unremarked.

Eyes on the kiwi! (I don't think that is the NZ PM, but I could be wrong)

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