NZD/USD soars after record New Zealand retail sales data

The NZD/USD price rose to the highest level since December 2018 after the strong New Zealand retail sales and the overall weaker US dollar. The pair is trading at 0.6915, which is ~27% higher than this year’s low of 0.5472. New Zealand retail sales rise New Zealand has been one of the best-performing country in terms of its Covid response. The country, which is home to more than 5 million people has only recorded just 2,030 cases and 25 deaths. This month alone, the country has confirmed less than 20 new cases. The results of this performance are showing in