South Korea Current Account Balance rose from previous 5.2B to 7.32B in October
Nov 27, 2014
AUD/NZD: Cascade of stops below 1.09 send rate to a 4-month low
AUD/NZD, which in recent days was looking to be coiling up a potential big move, finally managed to break a key support area at 1.09, chopping short term long positions, snowballing a major cascade of stop loss orders, as momentum persisted until a test of 1.0820, that was, down 1 full cent for the day at that point, before correcting higher to 1.0840 at present.
NZ trade deficit likely to deteriorate further - ANZ
oday’s weaker than expected trade deficit in New Zealand was due to weaker export backdrop, notes ANZ, adding that a solid domestic backdrop and further falls to commodity export prices are likely to contribute to further deterioration in the trade picture.