Kiwi off two-week lows against US dollar

New Zealand dollar rose in Asian trade off February 13 lows against US dollar, following data from New Zealand today. 

As of 02:28 GMT, NZD/USD rose 0.39% to 0.6873, with an intraday high at 0.6883, and a low at 0.6840. 

Earlier New Zealand data showed retail sales rose 1.7%, besting estimates of 0.5%, while sales without inflation rose 2.0%. 

The Reserve Bank of New Zealand warned that increased capital at banks could lead to lower rates, as inflation and employment weakens. 

Now investors await US wholesale inventory data, expected up 0.3%. 

Federal Reserve Governor Richard Clarida is due to participate in a moderated discussion titled "Fed Listens: A Conversation with Community Leaders in Southern Dallas", in Texas.