New Zealand Jan Imports up to $3.65B vs $3.58B

The New Zealand Dollar is trading weaker in the early going of the Asian session, after the trade balance figures in New Zealand came below market expectations. New Zealand Q4 trade balance stood at -$1.3bn vs expected -$0.93bn, on a monthly basis, the read-out came at $-305M in Jan vs +$100M expected. Imports rose a but more than anticipated, while exports failed short of expectations, mainly on Milk powder, butter, and cheese decreases.