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New Zealand Q1 retail sales falls short of estimates

The New Zealand retail sales number for the first trimester of the year came below expectations at 0.5% vs 0.8% Reuters poll and 2.10% previous. On a yearly basis, the print stood at 3.2% vs 3.3% Reuters poll and 2.9% prior.
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Forex: Kiwi continues to slide, now trading at lowest levels since late March

The Kiwi continued its decline today, closing down 22 pips at 0.8252. This was the lowest close for the pair since March 20th, 2013. Earlier in the session NZ Retail Sales were released at 22:45GMT. The pair was trading as high as 0.8270 before the report but has now leaked lower is back to flat at 0.8248.
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