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NZD steady as Retail Sales rises
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The New Zealand dollar is in positive territory on Monday. In the European session, NZD/USD is trading at 0.7175, up 0.19% on the day. The pair is coming off a rough week, falling 1.16%. This marked its worst weekly performance since March.
New Zealand Retail Sales rebound
After the double-digit readings we saw in Q2 and Q3 of 2020, Retail Sales has steadied and is showing less volatility. The fourth-quarter drop of 2.7%, was worse than expected, but the news was much better for Q1, with a solid gain of 2.5%. The consensus was -1.8%, and the surprising gain has lent a slight boost to the New Zealand dollar on Monday. The strong reading points to increased consumer spending, reflecting strength in domestic economic conditions. ....

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