NZ Dollar Falls as Current Account Deficit Widens
The New Zealand dollar dropped today after the government report showed the nation’s current account deficit widened in the second quarter of this year.
New Zealand’s seasonally adjusted current account deficit was $2,041 million in the quarter ended in June 2011. This is $507 million above the deficit of the previous three months. Tomorrow’s government report is expected to show the consumer prices inflation slowed to 0.5 percent in the second quarter compared to 0.8 percent in the first quarter.
NZD/USD fell from 0.8240 to 0.8187 and NZD/JPY dropped from 62.94 to 62.49 as of 13:43 GMT today.
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Current Account, Dollar, Inflation, New Zealand, NZD/JPY, NZD/USD
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Earlier News About the New Zealand Dollar:
- NZD Gains as RBNZ Shows Optimism for New Zealand Economy (2011-09-16)
- NZD Follows Food Prices in Decline (2011-09-13)
- New Zealand Dollar Falls as Concerns About Greece Intensify (2011-09-12)
- Building Permits in Australia & New Zealand Rise, Aussie & Kiwi Gain (2011-08-30)
- German Business Climate Makes NZ Dollar Less Attractive (2011-08-24)