Article by Investazor.com
The kiwi had a rough week after the macroeconomic data from New Zeeland was pretty weak with all three publications being below expectations. The highlights of the week were the retail sales, which fall short of the forecasted value with an increase of just 1.2% in comparison with 1.7%, which was the expected value. The downside of NZDUSD was magnified by the data from the American economy that even was kind of weak, the Flash Manufacturing PMI came way better than the expectations. Overall, NZDUSD declined on a weekly basis and retreated below 0.8300.
Economic Calendar
Inflation Expectations q/q (9:00 GTM)-Monday. A medium impact indicator which measures the percentage that business managers expect the price of goods and services to change annually during the next 2 years. It is important because expectations of future inflation can manifest into real inflation and workers tend to push for higher wages when they think prices will rise.
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