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Tuesday, February 28, 2023

Technical: New Zealand consumers are not helping out NZD/USD as it trades at 3-month lows

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Alert Alert Feb 28, 2023, 7:14am
 
Technical: New Zealand consumers are not helping out NZD/USD as it trades at 3-month lows
New Zealand released its Q4 2022 Retail Sales data early on Monday. The actual print was -0.6% vs an expectation of +1.7% and a Q3 print of +0.6%. A large part of the drop was goods produced in manufacturing and electronics. However, there was a large pickup in the services sector, with food and beverages up double digits! This was largely due to the ...
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