The New Zealand dollar gained in early Asia on Thursday after stronger thatn expected retail sales data and ahead of data and survey releases in Japan on core machinery and inflation expectation in Australia.
NZD/USD traded at 0.8476, up 0.23%, while USD/JPY traded at 102.41, down 0.01% and AUD/USD at 0.9307, up 0.02%. New Zealand’s second quarter retail trade rose 1.2%, above expectations for a 1.0% gain.
In Japan, June machinery orders and the MOF’s weekly transactions in securities are due at 0850 Tokyo time (2350 GMT). The median forecast for private-sector core orders (excluding electric utilities and ships) is a gain of 15.3% on month, which would be the first rise in three months.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015