NZ Trade Balance: Trade Balance (Aug) $1.30bio deficit Consensus $850mio deficit - Imports (Aug) $6.15bio Consensus $5.74bio - Exports (Aug) $4.86bio Consensus $4.88bio Trade Balance Year to Oct $5.8bio deficit - consensus $5.1bio deficit. The NZD is marginally lower in immediate response. The RBNZ Financial Stability Report plus Governor Orr’s related press conference and testimony before the Parliament Select Committee take place Wednesday. There is speculation the RBNZ will loosen the current LVR property restrictions. Current indicative rates are: NZD-USD 0.6755 / 0.6780NZD-AUD 0.9370 / 0.9395NZD-EUR 0.5965 / 0.5990NZD-GBP 0.5275 / 0.5300NZD-JPY 76.75 / 77.00 Please call for further information or pricing.
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