Day: July 11, 2017

NZ Dollar Down After Underwhelming Electronic Card Spending

The New Zealand dropped after the release of disappointing electronic card spending data. Stats NZ reported that New Zealand’s total electronic card spending rose just 0.1% in June from the previous month. Moreover, spending in the retail industries was flat. The data was especially disappointing as economists had expected a boost to the spending from the British and Irish Lions tour to New Zealand. Electronic card spending is considered to be […]