NZD/USD higher after the scorchingly hot inflation data, 3.3% y/y

Author: Eamonn Sheridan | Category: News

Data is here: NZ CPI Q2 2021 1.3% q/q (vs. expected 0.8%) and 3.3% y/y (vs. expected 2.8%)

Scorchio!

Highest in around a decade for NZ inflation. 

NZD/USD trading now above 0.7000:
New Zealand chart nzd/usd cpi
Still to come:
 0300 GMT the Reserve Bank of New Zealand releases their own preferred core inflation measure. 
  • 'Sectoral Factor Model Inflation Gauge', the Q1 was 1.9% y/y (see pic below)
  • The RBNZ target band for core inflation is 1-3%


Invest in yourself. See our forex education hub.
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose