October 13, 2024 at 10:52PM
NZD/USD is lower this morning on the poor data and info out of China over the weekend:
China offers few details on stimulus in Saturday’s press conference
Four of China’s biggest state-owned banks confirm mortgage rate cuts, beginning October 25
China September CPI rate fell below August and below expectations. PPI slumped further.
September card spending data:
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Data for purchases made in New Zealand on debit, credit and store cards.
Card spending data covers around 68% of core retail sales in NZ. Its used as the main retail sales indicator for the country.
This article was written by Eamonn Sheridan at www.forexlive.com.
New Zealand retail sales slumped further in September
