NZD/USD Climbs Above 0.5750 as China’s Retail Sales Surge
The NZD/USD currency pair continues to make gains, trading around 0.5760 during the Asian trading hours. This upward momentum marks the second consecutive day of strength for the pair. The surge follows the release of significant economic data from China, indicating a 4.0% year-over-year increase in retail sales for January-February, surpassing December’s growth of 3.7%. As global markets react to these developments, the NZD/USD may continue to strengthen if positive trends persist in the downstream economic data.