Currency Note Worldwide

A welcome boost for the New Zealand dollar

By Ricky Bean February 17th, 2015

  • 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.

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