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The Kiwi Weakens on Retail Sales

Joe Mayhew Senior Currency Broker - A Strong, Stable, ShamblesWritten by:
Joe Mayhew
Senior Currency Broker
T: 01442 892 069

The Kiwi dollar weakened against a number of its counterparts overnight after poorer than anticipated Electronic Card Retail Sales.  Whilst the reading improved on the prior figure a further increase was expected.  This saw GBP/NZD move from 1.77 to 1.7836 and EUR/NZD from 1.5675 to 1.5761.  There are no Kiwi announcements due to be issued this evening.

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To keep up to date with the New Zealand dollar, visit our NZD blog section on our website here.

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Joe Mayhew
Senior Currency Broker
T: 01442 892 060

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