Spending data from NZ, this tends not to have an immediate impact on FX moves ...

Retail +2.7% m/m - big beat

  • expected 0.7%, prior -0.1% m/m
  • All six retail industries were up compared with December
  • "Core" retail spending, which excludes the vehicle-related industries, +2.5% m/m (-0.7% prior)
  • For the y/y, up 5.6%

Total, +2.5% m/m (includes non-retail)

  • prior 0.0%

The jump in retail spending is the most in 11 years

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Next data point up from Asia today, Japan - Q4 preliminary GDP