The US retail sales printed modest gains in April….but upward revisions to March and February portray stronger consumer trends over recent months. Their headline retail sales rose 0.3% matching estimates. The greenback also gained momentum from increasing US 10yr treasury yield which rose from 3.00% to 3.09%, which is the highest since July 2011.
New Zealand’s global dairy trade price index rose 1.9% from the previous auction two weeks ago.
Meanwhile, Australia’s consumer sentiment falls again in May as consumers remained cautious about the outlook for family finances. Their first quarter wages growth also came in lower than expected at 0.5 percent against 0.6 forecast.