Header help text

Start trading with a free $30

There is no better time than now
Your first deposit is on us

Grab your $30 from XM

by ForexNewsNow Team on December 14th, 2010

New Zealand retail sales fall far more than expected

New Zealand flagNEW YORK (Forex News Now) – New Zealand retail sales fell badly in October, data showed in one of the week’s major realtime forex news events affecting the kiwi.

In a report that should have some impact on currency market trading, Statistics New Zealand said that the total value of retail sales fell by 2.5% in October, after rising by 1.7% the previous month.

Late analysis had forecast a fall of 0.8% in sales, according to two major online FX trading news outlets.

Another report released simultaneously showed core retail sales (all retail excluding automobiles) dropped by 1.6%, more than the expected drop of 1.0%.

By ForexNewsNow Team

This is a general account of the ForexNewsNow Team. It is used to published exclusive content carefully crafted by our experts as well as it is used to bring you the most recent industry highlights from our guest contributors that wish to remain anonymous.

More content by ForexNewsNow Team

Comments (0 comment(s))