- The New Zealand dollar had a solid start to the week on Monday, as better than expected retail sales gave the currency a much needed boost. The official report stated that retail sales in New Zealand were up by 1.7% quarter on quarter, coming out way above analysts expectations of a 1.3% rise. Off the back of this the New Zealand dollar jumped almost half a percent against its US counterpart.
- The Japenese yen held its position on Monday, despite the realise of weaker than expected economic growth last quarter. Japan’s fourth quarter economic growth weighed in at a gain of 0.6%, although expectations had been for higher growth rates, at around a percent.
Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.