NZD/USD: MARKET EXPECTATIONS AND RECOMMENDATIONS

<p>The NZD / USD pair has been rising for the 5th week in a row, hitting 30-month highs and trading at the start of today's European session near 0.7040 mark . L ast week, the New Zealand dollar received support from a strong third quarter retail sales report, which rose +28.0% (vs. +19.0% forecast and -14.8% prior). In annual terms, retail sales grew by +8.3% in the third quarter. It is an important indicator of consumer spending that speaks to consumer confidence and is seen as an indicator of the rate of development of the New Zealand economy. 65% of New Zealand's GDP comes from the budget revenues from the service sector, the lion's share of which is retail sales. Strong data suggests an accelerating recovery in New Zealand's economy, which is arguably the least affected (of the world's strongest economies) by the coronavirus pandemic and has had one of the lowest COVID-19 incidence rates. From the news for today regarding the New Zealand dollar and the NZD / USD pair, it is worth pay</p>