Current Account 12-Months (NZD) comes in at -14.583B against -16.004B consensus
| Pair | Now | Since publish |
|---|---|---|
| NZDUSD | — | — |
The New Zealand Current Account 12-Months figure was released at -14.583B. This came in stronger than the consensus expectation of -16.004B. The actual result represents an 8.9% surprise compared to the consensus. The previous period’s reading was -16.3B.
Following the release, the New Zealand Dollar showed a mixed reaction against major pairs after 15 minutes. AUDNZD was up 2.9 pips, EURNZD was up 3.8 pips, and GBPNZD was up 5.3 pips. NZDCAD was down 2.5 pips, NZDCHF was down 0.7 pips, and NZDUSD was down 2.1 pips. NZDJPY was up 0.5 pips. These initial moves are generally smaller than the median 1-hour moves observed after past releases. For example, the median 1-hour move for AUDNZD is 3 pips, for EURNZD is 6 pips, and for NZDUSD is 3 pips.