Kiwi drops versus Greenback, weighted down by weak retail sales

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Source: WBP Online
The New Zealand Dollar fell against its American counterpart on Friday after the disappointing retail sales report. Moreover, the Greenback remained firm, pushing the Kiwi close to the six-year low. The NZD/USD pair slipped 0.58% to $0.6528 by 08:09 AM GMT. Core retail sales in New Zealand rose only by 0.1% during the second quarter compared to a 2.3% rise in the previous quarter, while the consensus was a 0.5% increase.  
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