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New Zealand Retail Sales

The Kiwi took a dip to start the new trading day on the back of worse than expected Retail Sales figures. The House Sales and Price readings were also worse than the prior month and the Kiwi promptly move 25+pips lower. In the bigger scheme of things this is obviously a minor economic release but has provided some early action on an Asian Friday lacking any significant economic data. The details of the sales figures are as follows:

Retail Sales (MoM) - Survey:1.1%   Actual:0.5%   Prior:-0.6%

Retail Sales  ex Auto (MoM) - Survey:1.5%   Actual:1.1%   Prior:-0.9%

Retail Sales ex inflation (QoQ) - Survey:0.3%   Actual:0.2%   Prior:1.0%