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XE Data Update - NZ Q2 Retail Sales Release

NZ Retail Sales for Q2 have just been released.

They came in slightly lower than expected.

Real Retail Sales on quarter +0.2% (Consensus +0.3%)

Actual (seasonally adjusted) retail sales rose 2.7% on the year.

Statistics NZ stated they had “seen relatively small changes in most of our retail industries this quarter.”

Electrical and electronic goods retailing has the largest rise, up 5.0% after increasing 0.3% in the March quarter.

The NZD is little changed in immediate response.

Current indicative levels are:

NZDUSD 0.6360 / 0.6385
NZDAUD 0.9410 / 0.9435
NZDEUR 0.5735 / 0.5760
NZDGBP 0.5185 / 0.5110
NZDJPY 67.70 / 67.95
NZDCAD 84.55 / 84.80

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