Kiwi bulls are likely feeling emboldened by the fact that Reserve Bank of New Zealand’s (RBNZ) preferred gauge of inflation hit a 7-year high in the second quarter. The sectoral factor model, which RBNZ uses as a measure of “core inflation” jumped 1.7 percent year-on-year in Q2 from the previous quarter’s print of 1.6 percent. The data seems to have put a bid under the NZD/USD, which has gained more than 35 pips in the last 15 minutes to hit a session high of 0.6817. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD sees inverse head-and-shoulders breakout on RBNZ’s strong core inflation number FX Street 5 years Kiwi bulls are likely feeling emboldened by the fact that Reserve Bank of New Zealand's (RBNZ) preferred gauge of inflation hit a 7-year high in the second quarter. The sectoral factor model, which RBNZ uses as a measure of "core inflation" jumped 1.7 percent year-on-year in Q2 from the previous quarter's print of 1.6 percent. The data seems to have put a bid under the NZD/USD, which has gained more than 35 pips in the last 15 minutes to hit a session high of 0.6817. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
