Its a kiwi kinda day - NZD outlook

New Zealand Q2 CPI behind us:

• NZD barely changed (up a few tics) in wake of the Q2 CPI data

• New Zealand CPI for Q2: 0.6% q/q (expected 0.6%)

Still to come is the RBNZ inflation number:

• NZD traders - heads up for inflation data due Tuesday NZ time

And, later … moments away! 0300GMT

• NZD traders - heads up for the GDT dairy auction coming up Tuesday, London time
• NZD traders - heads up for the dairy auction due soon (London midday on Tuesday)

This snippet now on the NZD via Westpac in NZ:

Week ahead:

• NZD/USD ... next target above is 0.6785 - the mid-April high.
• Most of the directional changes have been caused by the USD, rather than local NZ events, markets expecting a Fed easing cycle to start on 31 July.
• The next market-moving NZ events will be business and consumer confidence surveys on 31 July and 6 August, jobs data on 6 August, and RBNZ MPS on 7 August.

---

NZD up a touch following the data earlier: