NZD/USD is consolidated in thin markets and without impetus although the borader picture is for a gradual squeeze higher in Kiwi continues while short positioning is unwound. Currently, NZD/USD is trading at 0.6887, down -0.07% on the day, having posted a daily high at 0.6896 and low at 0.6886. However, in early Asia, we had New Zealand's trade deficit released that narrowed to $871m in October. Excluding the import of a large aircraft, the result was close to our forecast of a $600m deficit. NZD trade's seasonal adjustments Analysts at Westpac explained that in seasonally adjusted terms, export earnings rose by 5% ... (full story)