New Zealand Card Spending for March: Retail +1.0% m/m (expected +0.5%)

Retail +1.0% m/m, for a beat on the month

• expected +0.5%, prior -0.3%

Total +0.7% m/m

• prior +0.1%

Card spending is used as the main indicator for monthly retail sales data in NZ

NZD is barely changed

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And, still to come from NZ - an RBNZ speaker (on inflation targeting) due at the top of the hour