The New Zealand dollar was mixed today after falling intraday as the monthly trade balance deficit reached the highest level on record. But the bounce of global stocks supported riskier commodity currencies.
Statistics New Zealand reported that the trade deficit widened from NZ$1.47 billion in August to the record high of NZ$1.56 billion. Experts had predicted a decrease to NZ$1.37 billion.
NZD/USD traded at the opening of 0.6520 as of 16:37 GMT today after rising to 0.6544. EUR/NZD traded at 1.7441 after opening at 1.7447 and rising to the daily high of 1.7524.
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NZ Dollar Mixed After Trade Balance Deficit Reaches Record High
