NZD/USD holds above 0.5750 as February's Trade Balance swings to surplus
Portfolio Pulse from
New Zealand's trade balance improved in February, with exports surging 16% to $6.74 billion while imports rose modestly by 2.1%. Despite emerging from recession, the economy shows underlying weaknesses, and markets anticipate potential interest rate cuts. The NZD/USD pair is constrained by global trade tensions and US Dollar strength.
March 21, 2025 | 8:00 am
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NEUTRAL IMPACT
Trade balance surplus and potential RBNZ rate cuts create complex trading environment for NZD/USD pair.
Positive trade data offset by expectations of rate cuts and global economic uncertainty, leading to neutral short-term outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100