New Zealand data: December trade balance shrinks to a much smaller deficit

<p>The fall in imports for the month could be read as a sign of underlying weakening domestic demand or a decrease in consumer confidence. Expectations of rate cuts this year from the Reserve Bank of New Zealand are firming, this may go into the mix for an earlier rate cut than is currently expected. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.