PLANET FOREX

Sales volumes, which strip out price movements, rose 0.4 percent in the April to June period over the previous quarter, seasonally adjusted, with core, ex-auto, sales up 0.2 percent, official data showed on Friday. A Reuters poll forecast no change in sales volumes. The data was seen pointing to the economy starting to emerge from recession that started early last year, but not requiring any change to the central bank's low rate policy. 'It's the sort of thing that leaves the Reserve Bank (of NZ) where it is, reducing the odds of a rate cut,' said Bank of NZ senior economist Craig Ebert.