New Zealand data - January credit card spending +1.3% y/y (prior -1.3%)

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NZD/USD is not being driven by data today, but by the slide in the USD. AUD, EUR, CHF, SGBP, CAD ... all higher. USD/JPY is holding above 149.00 for now after a brief dip under. NZD update: This article was written by Eamonn Sheridan at www.forexlive.com.