{"id":9406,"date":"2010-05-13T19:57:47","date_gmt":"2010-05-13T23:57:47","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9406"},"modified":"2010-05-13T19:57:47","modified_gmt":"2010-05-13T23:57:47","slug":"forex-new-zealand-retail-sales-rise-less-than-expected-nzdusd-trades-at-0-7120","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/13\/forex-new-zealand-retail-sales-rise-less-than-expected-nzdusd-trades-at-0-7120\/","title":{"rendered":"FOREX: New Zealand Retail Sales rise less than expected. NZD\/USD trades at 0.7120"},"content":{"rendered":"<p><strong>By CountingPips.com<\/strong><\/p>\n<p>New Zealand retail sales rebounded in March after consumer spending on retail goods had declined in February, according to a report by Statistics New Zealand. Total retail sales increased by 0.5 percent in March following a <img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-9407\" title=\"NZD200x150\" src=\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2010\/05\/NZD200x150.gif\" alt=\"\" width=\"208\" height=\"170\" \/>decrease by 0.6 percent in February.<\/p>\n<p>Despite the quarterly rise, the data failed to surpass market forecasts that were expecting a 1.1 percent advancement for the quarter.<\/p>\n<p>Core retail sales, excluding the automobile related industries, increased by 1.1 percent in March after core sales had decreased by 0.9 percent in February.<\/p>\n<p>On a quarterly basis, retail sales also rose by 0.5 percent in the first quarter of 2010. Boosting the quarterly sales were increases in motor vehicle sales and gasoline station sales.<\/p>\n<p>Core retail sales for the first quarter fell by 0.7 percent on seasonally adjusted basis.<\/p>\n<p><strong><a href=\"http:\/\/countingpips.com\">Forex Trading<\/a>: <a href=\"http:\/\/countingpips.com\/fx\/forex-charts\/united-states\/nzdusd\/\">NZD\/USD 1-Hour Chart<\/a> <\/strong>&#8211; The New Zealand dollar has failed to receive a boost against the US dollar immediately following the positive retail sales report. The NZD\/USD pair has been on a downtrend since touching a recent high of 0.7325 on May 3rd and currently trades around the 0.7120 exchange rate.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-9408\" title=\"5-13-forex-nzdusd\" src=\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2010\/05\/5-13-forex-nzdusd.gif\" alt=\"\" width=\"595\" height=\"400\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The New Zealand dollar has failed to receive a boost against the US dollar following the positive retail sales report&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-9406","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=9406"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9406\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}