New Zealand's trade balance drops in August

Note: This section contains information in English only.
Source: ICN.com
New Zealand's economy posted its largest annual trade deficit in 3 years, with exports declining to a 19-month low due to a fall in diary shipments. Trade balance slid to a deficit of -789 million in August, from upwardly revised 97 million in July and exceeding analysts' estimate of -630 million. Exports slipped to 3.32 billion from 4.05 billion in July, while imports rose to 4.10 billion from 3.55 billion.
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Wed, 26 Sep 2012 07:32:46 GMT

Euro drops ahead of retail data, sentiment

The Euro slipped to a two-week low before the data expected to show decreases in Italian retail sales and European consumer sentiment. The common currency tumbled 0.2% to $1.2868, the lowest since Sept. 13. The Euro lost 0.4% and traded at 99.98, after reaching 99.97 Yen, again the weakest level since Sept. 13.

Tue, 25 Sep 2012 18:36:24 GMT

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