New Zealand Credit Card Spending (June 2025) +0.9% y/y

  • vs. prior +2.0%

Data from the Reserve Bank of New Zealand.

Credit card spending

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NZD/USD has been climbing all day, with USD weakness seen across the board. This seemd to work as a catalyst:

Which doesn't make a lot of sense to me, he is one vote of 12.

Bowman is also a dove in favour of a cut.

That's two votes.

Everyone else we've heard from the Federal Open Market Committee (FOMC) seems content to remain on hold.

A cut is not imminent.

We'll get some silence from the lot of them for the next two weeks soon:

Source: Forex Live