New Zealand data
Terms of trade index -2.4% q/q
- expected -1.3%
- prior +0.5%
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While export prices rose:
- +3.7% q/q (expected -0.8%, prior +7.8%)
- export volumes +3.0% q/q (prior +7%)
import prices rose even more:
- +6.5% q/q (expected +2.5%, prior +7.2%)
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The New Zealand dollar has barely moved, it was not expected to on this data release.
