forex.pm forex forum binary options trade - Forex - New Zealand data: Q1 Current Account -4.359bn NZD (expected -4.55bn)
  • Welcome to forex.pm forex forum binary options trade. Please login or sign up.
 

New Zealand data: Q1 Current Account -4.359bn NZD (expected -4.55bn)

Started by forex4you, Jun 19, 2024, 07:20 am

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

forex4you

New Zealand data: Q1 Current Account -4.359bn NZD (expected -4.55bn)

The data release has barely moved NZD/USD, circa 0.6144

The current account represents the most comprehensive gauge of a nation's international financial interactions. It encapsulates not just the exchange of goods and services, but also earnings from foreign investments and payments made on investments from abroad within NZ. In addition, it covers transfers like overseas aid and remittances.

---

More on the "current account"

  • refers to a component of a country's balance of payments that measures the flow of goods, services, investment income, and unilateral transfers (such as remittances and foreign aid) between the country and the rest of the world.
  • The current account is divided into several categories:
  • Trade Balance: The value of exported goods minus the value of imported goods.
  • Net Exports/Imports of Services: Such as tourism, software services, etc.
  • Net Investment Income: Includes income from assets held overseas, such as dividends and interest, minus similar payments made to foreign investors who own assets in the country.
  • Unilateral Transfers: Transfers that don't involve a quid pro quo, such as remittances, foreign aid, grants, etc.
  • A positive current account balance indicates that a country is exporting more than it is importing, effectively lending to the rest of the world. Conversely, a negative current account balance means that a country is importing more than it is exporting and is thus borrowing from other countries. The current account, together with the capital and financial accounts, make up a country's balance of payments, providing a comprehensive view of a country's economic transactions with the rest of the world.


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

Source: New Zealand data: Q1 Current Account -4.359bn NZD (expected -4.55bn)

forexlive.com
Forex4you offers wide range of trading accounts with DDE, NDDE and STP executions including more than 100 instruments. Forex4you is based on MetaTrader 4 trading platform. Clients have the advantage of daily technical and fundamental analysis, one-click trading, economic calendar, mobile trading applications, news and forecasts from Dow Jones (UK) and signals from Trading Central (US). In addition, Forex4you offers Forex dictionary, educational materials and lot of "How to" guides about Forex.

forex4you.com   share4you.com   betiforex.com Forex  beginners-guide-to-iq-option-complete-review forex4you review forex4you Forex4you Review - One of the Best Forex Brokers Forex4you Review - One of the Best Forex Brokers forex4you - PAMM forex broker review and feedback from traders forexbinaryoption.ae aroundworld24.com  Affiliate programs  Forex4you Affiliate programs   



forex4you.com