N.Z. 2nd qtr. Retail Sales

  • rise 1.3% q/q (survey +0.7% , prior -0.6%).
  • Actual retail sales rise 4.8% vs. same quarter year ago ( survey +4.2%)
  • Ex.autos rose 0.9% vs. prior qtr. -1.4%

NZD/USD trading at 0.8110 from 0.8095, on stronger than expected number .

A resilient housing market bolstering consumer confidence plus a record jump in auto sales were cited for the strength in the numbers.

Should run into our first line of resistance at 0.8125/30.

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