Retail sales in the third quarter in New Zealand were expected to fall, and while they have its not by as much as was respected.
-0.1% q/q
expected -0.5%, prior -1.2%For the y/y, -2.5% (prior -3.6%)
Trade data for October was also published:
Later this week we’ll get another cash rate cut from the Reserve Bank of New Zealand:
Reserve Bank of New Zealand (RBNZ) Shadow Board recommend a 50bp cash rate cut this week
This article was written by Eamonn Sheridan at www.forexlive.com.
