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Thursday, 25 August 05:36 (GMT -05:00)



Business And Politics News

New Zealand foreign trade is showing a steady increase


 

Forex news. During August New Zealand manufacturing companies have exported more own goods than a month ago. Import has also risen during August, with oil and petrol becoming the leaders of growth, which has lead to $641 mln. trade balance deficit. Export has risen by more than a quarter in comparison with the lowest point in 2009 and remains record, according to Statistics New Zealand.

A traditional deficit of foreign trade is observed in August. However, this year the deficit amounts to 19% of export, whereas last August it amounted to 27% of export.


Export has increased by $313 mln. due to meat and foodstuffs. Import has increased by $523 mln. due to oil, petrol, power-operated cars, and equipment.

New Zealand dollar maintains correction motion towards long-term bullish trend at Forex market. The experts of the Department of Masterforex - V Trading System explain that once the currency pair has broken pivot MF, it has started forming bear impulse, which may be reversal. However, stopping at a sloping channel suggests that ascending motion within wave с(С) of Weekly level may last. The maximal point at the beggining of August – 0.8841 – will form resistance. Breaking a sloping channel may signal about the formation of reversal impulse provided that there is support of АО index. Such index can later start a correction motion or reverse a long-term tendency.

 

 

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Publication date: 12 July 05:43 AM

Scotland Will Exit UK Before Brexit, J.P. Morgan Experts Say

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Soros Predicts EU Disintegration After Brexit

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Experts on How U.K. Is Going to Leave the E.U.

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Publication date: 06 July 04:36 AM

Fitch Cuts U.K.'s Long-Term Credit Ratings

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London Officially: 75 Percent for European Union

Results of the referendum held in the business center of London have been processed.

 

City men are against Great Britain’s exit from the EU. This is demonstrated by vote in London City, where 75 percent of voters have said a firm “no” to Brexit.

 

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