The Reserve Bank of New Zealand will take some comfort from declining inflation expectations:
1 year for Q1 2024 comes in at 3.22%
- prior 3.6%
2 year at 2.5%
- 2.76% prior
more to come
NZD/USD has dropped, but other FX has also against the USD, this is drawing some bids to the USD as this time the terrorists have hit a ship
