This evening of February 14th 2012 at 16:45 EST (21:45 GMT) the quarterly retail sales figures were released from New Zealand. They were better and after another day where some risk-off price action appeared during the New York session as the Session ended there was a pretty decent bounce.
The bounce lead the New Zealand dollar higher into the release, so when the data was printed the spike was pretty muted. However with time the trend did continue up and Kiwi appreciated nicely. Just one of those news reports where the spike is not the way to go but longer term its still good.
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