New Zealand Food Price Index (MoM) improves to -0.1% in December from -0.2%

Risk-on day in investments market with the riskier pairs reversing Monday's losses amid upbeat US retail sales in December. Adam Button from Forexlive commented in a recent piece that the "market was frightened of a disappointing retail sales and traders rushed to the exits on Monday but the data was more-or-less on expectations and that led to a rapid unwinding of the Monday moves."