New Zealand information: January Card retail gross sales -1.6% m/m (prior +2.4) & -0.5% y/y (prior -1)

Card spending data covers around 68% of core retail sales in NZ. Its used as the main retail sales indicator for the country.

Not moving the NZD too much. It doesn;t tend to.

More coming from the Reserve Bank of New Zealand later today:

• Economic calendar in Asia – Fed’s Waller is speaking

This article was written by Eamonn Sheridan at www.forexlive.com.