New Zealand January trade balance a deficit of 486bn NZD (prior 94mn surplus)

New Zealand January 2025 Exports 6.19bn NZD

• prior 6.67bn

Imports 6.68bn NZD

• prior 6.58bn

NZD/USD little changed. As I've noted previously the kiwi$ is more being impacted by international developments than domestic. Although the Reserve Bank of New Zealand cut shoved the currency around earlier this week.

• ForexLive Asia-Pacific FX news wrap: RBNZ’s 3rd consecutive 50bp rate cut, NZD higher