NZ CPI for the second quarter ending June came in at 0.4% on estimate following 5 straight down quarters. First quarter 2024 was 0.6%.
Chinese GDP year ending June has published at 4.7% well lower than estimates of 5.1%.
Federal Reserve rate cuts are predicted to start in September with a small minority expecting they will start at their next meeting on 1 August.
US Treasury yields jumped higher after Trump assassination attempt. NZ Dollar (NZD) weaker as markets turned “risk off”.
NZ PMI (Manufacturing Index) fell to 41.1 for June down from 47.2 in May, most importantly showing the 15th straight month of contraction in the sector.
US Retail Sales came in flat at 0.0% higher than -0.3% forecast for the month of June.
The British Pound (GBP) has been the best performing currency this month with the New Zealand Dollar (NZD) the worst traded currency to date for July.