2230GMT - Business NZ manufacturing Purchasing Managers' Index (PMI) for April,

  • prior was 54.5

2245GMT - New Zealand Core Retail Sales for Q1

  • expected is +1.6%, prior was +1.7%

(measures the change in the total value of inflation-adjusted NZ retail sales, excluding automobiles and gas stations)

0015GMT - Reserve Bank of New Zealand Deputy Governor Spencer speaks at an INFINZ lunch.

  • Unfortunately it's a secret speech! Not open to the public nor media ... no reporting. But ... non-members can attend for $NZ35.
  • Spencer will speak on financial stability & risks that could make the financial system vulnerable to instability. He will also speak on the Bank's six-monthly Financial Stability Report (FSR), which was published yesterday.
  • INFINZ is Institute of Finance Professionals New Zealand. It's an industry body for professionals working and participating in New Zealand's wholesale finance and capital markets

Much later, due at 0700GMT, New Zealand Finance Minister Bill English speaks at the INFINZ Dinner.

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NZD/USD has been having a good bounce. it was helped along, very much indeed, by the flat retails sales data out of the US overnight:

More on the retail sales data here and here