The New Zealand dollar has been impacted by a decline in risk appetite globally on growth concerns in Europe and North America, but today, after the country’s trade balance showed a smaller trade deficit, the currency rebounded.

The kiwi, as the South Pacific currency is often referred to, rebounded from the lowest rates in almost a month as a decline in the nation’s imports allowed the negative trade balance gap to tighten, being that a favorable reason to allow the New Zealand currency to make a correction and pare its losses partially.

NZD/USD traded at 61.98 from as low as 60.88 prior to the trade balance data publication.

If you have any questions, comments or opinions regarding the New Zealand Dollar, feel free to post them using the commentary form below.