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Little Reaction To Q2 Retail Sales Fall

NZD

There has been little immediate reaction in the NZD to the fall in Q2 Retail Sales ex Inflation which fell 1.0% Q/Q, a fall of 0.4% Q/Q had been expected.

  • NZD/USD prints at $0.5940/45 little changed from opening levels, a low of $0.5938 was seen in the aftermath of the print but the losses were quickly unwound.
  • AUD/NZD has marginally firmed and sits a touch above the $1.08 handle however the cross remains well within recent ranges.

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