New Zealand Balance of Trade (Feb) -257B vs. Exp. -0.74B (Prev. -0.519B)
The wider-than-expected trade deficit in New Zealand for February could signal a deterioration in external demand or an increase in imports, posing potential risks to the currency's strength.
Jeff Bezos is in talks to raise USD 100bln AI manufacturing fund, while fund is to buy manufacturing firms and implement AI, and will target aerospace, chip making and defence companies, according to The Information
UK may delay shipbuilding plans amid GBP 10bln defence budget cut, according to The Times
New Zealand Balance of Trade (Feb) -257B vs. Exp. -0.74B (Prev. -0.519B)
White House is expected to send Congress its ideas for regulating AI on Friday, while AI framework will cover child safety, creators and censorship, according to Axios citing sources
EU leaders call for de-escalation, civilian protection and full respect of international law by all parties, while they call for moratorium on strikes targeting energy and water infrastructure, also strongly condemned Iran's indiscriminate strikes
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With the deficit significantly larger than anticipated, this may influence expectations regarding monetary policy, as the central bank could factor in trade performance when considering interest rate decisions. Traders should watch for possible volatility in NZD as market participants digest this data.
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