NZD News

New Zealand's terms of trade eased a seasonally adjusted 0.3 percent on quarter in the third quarter of 2018, Statistics New Zealand said on Monday.

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The volume of all building in New Zealand picked up a seasonally adjusted 0.7 percent on quarter in the third quarter of 2018, Statistics New Zealand said on Wednesday.

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The manufacturing sector in New Zealand continued to expand in November, albeit at a slower pace, the latest survey from BusinessNZ revealed on Friday with a manufacturing PMI score of 53.5.

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New Zealand's seasonally adjusted current account deficit narrowed to NZ$2.6 billion, NZ$102 million smaller than the June 2018 quarter deficit (NZ$2.7 billion), Statistics New Zealand said on Wednesday.

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New Zealand's gross domestic product advanced a seasonally adjusted 0.3 percent on quarter in the third quarter of 2018, Statistics New Zealand said on Thursday - marking the lowest quarterly growth since Q4 2013.

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NZD/USD surrenders a major share of into the future gains to 6-week tops

A modest uptick in the US sticking to yields helped ease the USD bearish pressure.
The prevalent cautious environment subsidiary underpins the bucks safe-quay status.
Focus shifts to US-China trade talks, the latest FOMC policy update and NFP.

The NZD/USD pair surrendered a major pension of its to the fore gains to heavy six-week tops and might now be headed towards the lower subside of its daily trading range.

After Friday's abrupt selloff, triggered by reports that reinforced dovish Fed expectations, a modest pickup in the US Treasury concord yields helped ease the US Dollar bearish pressure and was seen as one of the key factors prompting some selling at far-off-off away ahead levels.

Meanwhile, a offend deterioration in investors' appetite for riskier assets, as depicted by a weaker appearance approximately equity markets, plus underpinned the greenback's perceived safe-waterfront status and new collaborated to the pair's intraday slide far ahead than 40-pips.

Attention now shifts to the high-level US-China trade talks, which coupled as soon as the latest FOMC monetary policy update and the following to watched US monthly jobs symbol (NFP) will take steps an important role in determining the pair's considering leg of a directional make miserable.

Technical levels to watch

The immediate refrain is pegged heavy the 0.6820 level, under which the pair is likely to drift below the 0.6800 handles and exam 0.6775-70 pact area. On the flip side, the 0.6870-75 region now seems to deed as a rushed resistance, which if cleared might lift the pair added when more the 0.6900 handles towards investigation the 0.6825-30 supply zone.

New Zealand posted a merchandise trade surplus of NZ$264 million in December, Statistics New Zealand said on Tuesday - representing 4.8 percent of exports.

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The total number of building permits issued in New Zealand was up a seasonally adjusted 5.1 percent on month in December, Statistics New Zealand said on Monday - coming in at 2,382.

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The unemployment rate in New Zealand came in at 4.3 percent in the fourth quarter of 2018, Statistics New Zealand said on Thursday - above forecasts for 4.1 percent and up from 3.9 percent in the three months prior.

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Overall credit card spending in New Zealand climbed a seasonally adjusted 2.0 percent on month in January, Statistics New Zealand said on Tuesday.

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