New Zealand retail sales slumped further in September

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 conferenceFour of China’s biggest state-owned banks confirm mortgage rate cuts, beginning October 25China September CPI rate fell below August and below expectations. PPI slumped further.

September card spending data:

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.

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