2200GMT: RBNZ Assistant Governor McDermott speaks at 2200GMT – the topic of his speech is the ‘output gap’
2245GMT – June Electronic Card Transactions:
- Retail card spending m/m, expected is +0.2%, prior was +1.3%
- Total card spending m/m, prior was +1.7%
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Its all been happening in the Kiwi overnight, Fitch upgraded its New Zealand outlook, the NZD took out 0.88, the highest since 2011, but was rejected there. Is the top in? (/joke). Kiwi only being outdone by Germany … 5 – 0 against Brazil as I type.
