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View Full Version : NZ Dollar Weakens as Retail Sales Decline More Than Forecast - Bloomberg



NewsWhore
05-14-2009, 09:40 PM
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NZ Dollar Weakens as Retail Sales Decline More Than Forecast (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601081%26sid%3DaN5tPUbDNM6A%26refer%3Daustralia&cid=1352026769&ei=MMoMSvORLdis_gbDpNnwCA&usg=AFQjCNGkkt6EJmyg-0T4Bo3EaOSYzt1X6g)
Bloomberg
“The New Zealand consumer is clearly on the ropes,” Sue Trinh, a senior currency strategist at RBC Capital Markets in Sydney, wrote today in a note to clients. “Today&#39;s data continue to support further rate cuts by the Reserve Bank of New Zealand to at ...


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