As stated by the head of the SNB T. Jordan, commenting on the results of the Swiss central bank's monetary policy meeting: At the moment, the course of the expansionary monetary policy of the central bank is correct and there is no reason to change it.
The New Zealand Trade Balance for August was reported at -NZ$2,144M monthly and at -NZ$2,940M 12-month year-to-date. Forex traders can compare this to the New Zealand Trade Balance for July, reported at -NZ$397M monthly and -NZ$1,100M 12-month year-to-date. Exports for August were reported at NZ$4.35B and Imports at NZ$6.49B. Forex traders can compare this to Exports for July, reported at NZ$5.77B, and Imports, reported at NZ$6.17B.
New Zealand Westpac Consumer Confidence for the third quarter was reported at 102.7. Forex traders can compare this to New Zealand Westpac Consumer Confidence for the second quarter, reported at 107.1. New Zealand Credit Card Spending for August decreased 6.3% annualized. Forex traders can compare this to New Zealand Credit Card Spending for July, which increased 6.9% annualized.
The New Zealand GDP for the second quarter decreased 2.8% quarterly and 17.4% annualized. Economists predicted an increase of 1.3% and 16.3%. Forex traders can compare this to the New Zealand GDP for the first quarter, which increased 1.4% quarterly and 2.9% annualized. The New Zealand GDP Annual Average for the second quarter increased 5.1% quarterly, and GDP Expenditure increased 2.6% quarterly. Economists predicted an increase of 4.3% and 1.4%. Forex traders can compare this to the New Zealand GDP Annual Average for the first quarter, which decreased 1.4% quarterly, and GDP Expenditure, which increased 1.4% quarterly.
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