NZD Slips as China Trade Data Falls Short of Expectations

The New Zealand Dollar (NZD) declined by 0.37% on Tuesday, trading around $0.5855 at the time of writing.

This comes after China's trade data release showed a mixed bag for imports and exports in August.

China's trade surplus rose to $119.09 billion in August from $112.5 billion in July, with exports increasing 25% year-over-year (YoY) compared to the previous month's 23.9% rise.

However, Chinese imports grew only 28.2% YoY, falling short of the expected 30% expansion by markets.

This disappointment weighed on the New Zealand Dollar due to its close trade ties with China.