NZ dollar range-bound despite very strong retail sales

Tue, 26 Nov 2019

The New Zealand dollar remained range-bound, failing to break through resistance levels despite much better-than-expected September quarter retail sales data.The kiwi was trading at 64.21 US cents at 5pm in Wellington from 64.02 cents at 8pm and 64.19 cents at 5pm yesterday. The trade-weighted index was at 71.15 points from 70.97.Figures released today showed seasonally adjusted retail sales volumes rose 1.6 percent in the three months ended Sept. 30, more than the 0.5 percent increase economists had generally expected.That was a sharp lift fro...

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