Wednesday, September 17, 2014

New Zealand current account deficit widens

According to Jason Attewell, "the value of goods exports fell over a range of commodities, with dairy the most significant contributor this quarter'.

The current account was -$1.07 billion, missing estimates of -$1.04 billion. The previous quarter registered a surplus of $1.47 billion.

I do not hold any NZD exposure in my portfolio at this moment.

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