New Zealand Card Spending for October; electronic card spending accounts for just under 70% for core retail sales in NZ.

As such it is used as the main indicator for retail sales activity

Retail +0.1% m/m

  • expected +0.6% m/m, prior +1.1%
  • for y/y, comes in at +6.2%

total is -0.1% m/m

  • prior +1.3%

NZD/USD off a few tics, having opened the week a little lower compared to late Friday trade