The New Zealand dollar fell against other majors today, including its Australian counterpart, after data showed a drop of New Zealand retail sales. At the same time, Australian consumer confidence improved.
New Zealand retails sales fell 0.4 percent in the third quarter of 2012, following the increase of 1.3 percent in the preceding quarter. Analysts have hoped that sales would grow at the same 0.4 percent rate. Westpac Australian consumer sentiment increased 5.2 percent in November after rising 1 percent in October.
NZD/USD fell from 0.8158 to 0.8102 as of 16:15 GMT today. AUD/NZD advanced from 1.2783 to 1.2813 and its daily maximum of 1.2827 was the highest since September 7.
If you have any questions, comments or opinions regarding the New Zealand Dollar,
feel free to post them using the commentary form below.
Be First to Comment