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