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New Zealand retail sales grew 0.7% quarter-on-quarter in Q2, surpassing the 0.3% consensus estimate, though slowing from the 1.1% gain recorded in Q1. The result suggests consumer spending held up better than expected even as the Reserve Bank of New Zealand maintained restrictive interest rates. Retail sales are a primary measure of household consumption, which is the largest component of New Zealand's GDP.
Aug 24, 17:51 UTCAlternativeMarkets.AI Newsroom · Data: Financial Modeling Prep
The New Zealand dollar gained 0.77% against the US dollar to 0.58938 on August 16, though the pair was essentially flat for the week with a 0.0% change. The daily move recovered ground lost earlier in the week without establishing a new directional trend. The New Zealand dollar is often influenced by commodity prices, global risk appetite, and the interest rate outlook from the Reserve Bank of New Zealand.
Aug 16, 17:51 UTCAlternativeMarkets.AI Newsroom · Data: Financial Modeling Prep
The New Zealand dollar rose 0.77% against the US dollar to 0.58938 on August 15, leaving the weekly change nearly flat at -0.04%. The session gain recovered a small portion of losses accumulated earlier in the week. The New Zealand dollar is often sensitive to global risk sentiment and commodity prices given the country's export-oriented economy.
Aug 15, 17:51 UTCAlternativeMarkets.AI Newsroom · Data: Financial Modeling Prep