Substantial drop for the NZD on CPI data coming in much lower than expected

Author: Eamonn Sheridan | Category: News

Inflation data is here: New Zealand Q1 CPI : 0.1% q/q (expected 0.3% and 1.5% y/y (expected 1.7%)

Much, much lower than the central estimate.

NZD/USD was marked lower immediately:
Inflation data New Zealand Q1 CPI : 0.1% q/q (expected 0.3% and 1.5% y/y (expected 1.7%)
Sellers in the kiwi will be present further on any relief pop from here 

AUD/USD dropped a few points also. not nearly as much. 

ps. We got a further CPI measure from NZ later today - core inflation from the RBNZ:
ForexLive
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