INDEPENDENT NEWS

HiFX Data Update - NZ Q2 Current Account Release

Published: Wed 19 Sep 2018 11:05 AM
The NZ Current Account Balance for Q2 2018 has just been released.
The Current Account Deficit was worse than expected (larger deficit):
Current Account Balance Q2 $1.62 bio Deficit (Consensus $1.32 bio Deficit)
Current Account Balance (seasonally adjusted) $2.67 bio Deficit
Year to June 2017 Current Account Balance $9.54 bio Deficit
Current Account Deficit as % of GDP 3.3% (Consensus 2.8%)
Revisions to prior quarters were worse than initially reported.
The NZD is marginally lower in immediate response.
Tomorrow brings NZ GDP (Q2) numbers.
Current indicative levels are:
NZD-USD 0.6585 / 0.6610
NZD-AUD 0.9110 / 0.9135
NZD-EUR 0.5635 / 0.5660
NZD-GBP 0.4995 / 0.5020
NZD-JPY 73.95 / 74.20
HiFX
International Payments Expertly Done
HiFX is one of the largest foreign exchange and international payment specialists in the world, managing over $30 billion on behalf of over 100,000 clients worldwide every year.
Large enough to undertake the biggest transactions, yet small enough to care about each and every one – send and receive overseas payments and manage your account anytime, anywhere. HiFX gives you the flexibility you need to transfer money quickly and easily via a secure online platform 24 hours a day, seven days a week - making moving money as easy as 1,2,3.
HiFX Ltd ABN 54 106 779 953/ AFSL No 240914
Contact HiFX
Facebook:
Linkedin:
https://www.linkedin.com/company/hifx-new-zealand

Next in Business, Science, and Tech

Services lead GDP growth
By: Statistics New Zealand
Letter to Immigration Minister From Early Harvesting Growers
By: One Plus One
Scientists discover one of world’s oldest bird species
By: Canterbury Museum
Helping regions fill skills shortages and Kiwis come first
By: New Zealand Government
Report: Govt Inquiry into Auckland Fuel Supply Disruption
By: Inquiry into The Auckland Fuel Supply Disruption
NZ economy grows 0.5% in June quarter, beating expectations
By: BusinessDesk
Don’t blame President Trump for slowing economy
By: New Zealand National Party
Labour's big government economic policies continue to fail
By: ACT New Zealand
Kiwi economic growth slows. We need fiscal caffeination
By: Kiwibank
Weakening economic growth shows need for tax cuts
By: New Zealand Taxpayers' Union
Employers pen open letter to Minister in ‘desperation’
By: New Zealand National Party
Dismissive Minister out of touch with reality
By: ACT New Zealand
Labour issues in booming sector
By: Bayleys
Migrant Workers Association criticises work visa overhaul
By: RNZ
More detail needed on migrant worker policy
By: BusinessDesk
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media