Earlier in the Day:
It was a relatively quiet start to the day on the economic calendar this morning. The Kiwi Dollar was in action this morning.
For the Kiwi Dollar
Retail sales figures were in focus early this morning.
In the 1st quarter, retail sales increased by 2.5%, with core retail sales rising by 3.2% quarter-on-quarter. In the 4th quarter of last year, retail sales had fallen by 2.7% and core retail sales by 2.9%.
According to NZ Stats,
- Higher spending on electronic items and outdoor recreational goods supported the boost in spending.
- Electrical and electronic goods sales jumped by 8.4%, with recreation goods sales surging by 16%.
The Kiwi Dollar moved from $0.71732 to $0.71730 upon release of the figures. At the time of writing, the Kiwi Dollar was up by 0.17% to $0.71735.