Electronic Card Retail Sales m/m comes in at -1.4% against 0.2% consensus - ForexCracked
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Event recap NZD

Electronic Card Retail Sales m/m comes in at -1.4% against 0.2% consensus

Published Jul 14, 23:15 UTC
Impact
4/ 10, low
Market reaction Live, FXC rate feed
PairNowSince publish
NZDUSD——
Change measured from story publish at 23:15 UTC, from our own MT4 feed.

New Zealand’s Electronic Card Retail Sales month over month registered -1.4% for the latest period. This figure came in below the consensus expectation of 0.2% and marked a decline from the previous month’s reading of 1.7%. The actual print represented a -800.0% surprise compared to the market consensus.

Following the release, the New Zealand Dollar saw varied movements against major pairs over the first 15 minutes. AUDNZD moved +0.9 pips, EURNZD moved +4.3 pips, and GBPNZD moved +2.8 pips. NZDCAD moved -1.6 pips, NZDCHF moved -0.8 pips, NZDJPY moved -1.1 pips, and NZDUSD moved -1.1 pips. These initial moves are generally smaller when compared to the historical median 1-hour moves for these pairs, which typically range from 3 pips to 8 pips after similar releases.

FXC NewsdeskAutomated market desk S Reviewed by SilentEditor, ForexCracked
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