Positive stability of the New Zealand dollar against the US dollar in the first session of the week

The New Zealand dollar has fluctuated in a slightly bullish range against the US dollar during the Asian session on the eve of developments and economic data expected Monday by the New Zealand economy and its US economy, the first economy World.

At 1418 GMT, the New Zealand dollar was up 0.13% to 0.6762 while the opening level was 0.6760 after recording a high of 0.6778. At 0.654.

The United States is currently looking for the US economy to read retail sales, which account for nearly two-thirds of US GDP, which could reflect a slowdown in growth to 0.8% in May. Last May, the basic reading of the retail sales index could indicate a slowdown in growth to 0.4% against 0.8% in May.

This combines with the publication of the New York Industrial Index, which shows a volume contraction of 20.3 in June at 20.3, leading to the reading of wholesale inventories, reflecting the 39 accelerated growth to 0.3% in April.

On the other hand, the markets want the New Zealand economy to release the consumer price index in the second quarter, which could show a steady pace of growth roughly at the first quarter, while the annual reading of the same index could slow down 1.6% vs. 1.1% when reading the first quarter of the previous year.