THE TAKEAWAY : Trade and exports lower than expected > Economy may show signs of slowing > NZD weakens

By The Street [By DailyFX 07/25/11 – 07:12 PM EDT]

“The NZ dollar gave away all of its early morning gains after June trade data revealed a much weaker trade industry than previously estimated. Although all data failed to meet analyst expectations, the sharp drop in June exports may give more important insights into the domestic economy. The fall in exports may be attributed to the record strength of the Kiwi, hurting the competitiveness of New Zealand exports and economy.”

THE TAKEAWAY : Trade and exports lower than expected > Economy may show signs of slowing > NZD weakens

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