The NZD/USD was sliding into the event from 0.6726 to below 0.6720 and was starting to lose its battle vs the broader risk-off tones that had its neighbour, the Aussie, on its knees vs the greenback.
However, the bird has rallied on the back of the New Zealand Q4 CPI data which has come in at 1.9%, a beat of 0.1% Y/Y and then 0.1 % Q/Q, higher than expected 0.0% change and prior 0.9%
NZD/USD met a high of 0.6749 on the release.
- When is NZ CPI and how might it affect NZD/USD?
“Key resistance is located at 0.6860.”
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