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New Zealand Dollar Mixed After Retail Sales Beat Expectations

August 22, 2018 at 12:07 by Vladimir Vyun

50 and 100 New Zealand dollar billsThe New Zealand dollar was mixed today, rising against some of its rivals and falling versus others, following the release of retail sales data that beat analysts’ expectations.

Statistics New Zealand reported that retail sales rose 1.1% in the June quarter from the previous three months. That is compared to the forecast increase of 0.4% and the 0.3% gain registered in the previous quarter. Core retail sales increased 1.4% versus the forecast of a 0.8% increase.

NZD/USD rose from 0.6691 to 0.6706 as of 11:59 GMT today. EUR/NZD gained from 1.7270 to 1.7310, bouncing from the daily low of 1.7216.

If you have any questions, comments, or opinions regarding the New Zealand Dollar, feel free to post them using the commentary form below.

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