Wed, 27 Jun 2012 12:17:46 GMT
New Zealand's trade balance narrowed in May
The trade balance of New Zealand narrowed in May, reported Statistics New Zealand. The country's trade surplus dropped to 301 million New Zealand Dollars on a seasonally adjusted basis as compared to 355 million New Zealand Dollars in April. After the data release, the New Zealand Dollar depreciated against its US counterpart by 0.21%, with NZD/USD trading at 0.7890.