New Zealand Q3 retail sales -0.1% q/q (expected -0.5%) ...Middle East

Retail sales in the third quarter in New Zealand were expected to fall, and while they have its not by as much as was respected. -0.1% q/qexpected -0.5%, prior -1.2%For the y/y, -2.5% (prior -3.6%)Trade data for October was also published:Later this week we'll get another cash rate cut from the Reserve Bank of New Zealand:Reserve Bank of New Zealand (RBNZ) Shadow Board recommend a 50bp cash rate cut this week This article was written by Eamonn Sheridan at www.forexlive.com.

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