New Zealand Credit Card Spending (June 2025) +0.9% y/y (vs. prior +2.0%) | Forexlive

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

• vs. prior +2.0%

Data from the Reserve Bank of New Zealand.

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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:

• Fed’s Waller says the FOMC should cut interest rates by 25bp at the July meeting

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:

• Did Waller get the last word? Federal Reserve blackout ahead of July meeting begins soon.

This article was written by Eamonn Sheridan at www.forexlive.com.

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New Zealand credit card spedning

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