Thu, May 06, 2021 @ 00:35 GMT
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NZD Retail Sales Forecast To Rise In Q2

The U.S. dollar was seen easing back on Monday with a slight risk on sentiment following the upcoming China – U.S. trade talks. However, there was some negative news as well with media outlets reporting Trump criticizing the Fed for raising interest rates and also calling out Europe and China for manipulating the currencies.

The comments came as the German Bundesbank released its monthly report. The German central bank said that the economy would be maintaining a strong trade surplus until next year.

The economic calendar for the day will see the release of the UK’s public sector net borrowing. Economists point to a decline of 2.1 billion. The NY trading session is quiet and later during the overnight trading session, the quarterly retail sales figures from New Zealand will be released.

Economists forecast that quarterly retail sales increased 0.4%, advancing from a 0.1% increase from the previous quarter. Core retail sales are expected to rise 0.8% up from 0.6% previously.

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