NZ Dollar Falls On Weak Retail Sales Data
16 Febrero 2017 - 8:15PM
RTTF2
The New Zealand dollar weakened against other major currencies
in the Asian session on Friday, after data showed that the nations'
retail sales growth rose less than expected in the fourth
quarter.
Data from Statistics New Zealand showed that New Zealand retail
sales growth stabilized in the fourth quarter. The retail sales
volume climbed by adjusted 0.8 percent in the December quarter,
similar to the September quarter growth but slower than June
quarter's 2.2 percent increase.
Economists had forecast 1 percent growth for the December
quarter.
Data from he BNZ - BusinessNZ Performance of Manufacturing Index
showed that New Zealand's manufacturing sector registered a slower
growth in January. The PMI dropped by 2.6 points from prior month
to 51.6 in January, the lowest since January 2015. However, the
sector has remained in expansion in almost all months since October
2012.
Meanwhile, most Asian stock markets traded lower with investors
taking profits following the recent strong gains and also tracking
the lackluster cues overnight from Wall Street.
Investors also digested news that Samsung Group's Lee Jae-yong
was formally arrested over his alleged role in a corruption scandal
that led to the impeachment of South Korean President Park
Geun-hye. Lee is the vice chairman of Samsung Electronics Co. and
heir apparent of the Samsung Group.
Thursday, the NZ dollar showed mixed trading against its major
rivals. While the NZ dollar rose against the yen and the Australian
dollar, it fell against the U.S. dollar and the euro.
In the Asian trading, the NZ dollar fell to a 4-day low of
1.4819 against the euro, from yesterday's closing value of 1.4790.
The kiwi may test support near the 1.50 region.
Against the yen, the kiwi dropped to 81.60 from yesterday's
closing value of 81.93. This may be compared to an early 3-day low
of 81.51. On the downside, 80.00 is seen as the next support level
for the yen.
Against the U.S. and the Australian dollars, the kiwi dropped to
a 2-day low of 0.7200 and nearly a 4-month low of 1.0708 from
yesterday's closing quotes of 0.7214 and 1.0662, respectively. If
the kiwi extends its downtrend, it is likely to find support around
0.70 against the greenback and 1.08 against the aussie.
Looking ahead, U.K. retail sales data for January is due to be
released at 4:30 am ET.
In the New York session, Canada foreign securities purchases
data for December and U.S. Baker Hughes rig count data are slated
for release.
NZD vs US Dollar (FX:NZDUSD)
Gráfica de Divisa
De Mar 2024 a Abr 2024
NZD vs US Dollar (FX:NZDUSD)
Gráfica de Divisa
De Abr 2023 a Abr 2024