Our focus will be on the headline CPI number. If we get a better than expected number of 0.0% by 0.3%, we should be looking to BUY NZD/USD; if we get a lower -0.3%, then we’ll see NZD/USD move down.
With recent RBNZ (Reserve Bank of New Zealand) unexpected hawkish statement by Governor Bollard, market is widely expecting RBNZ to hike interest rate mid this year, following its neighbor Australia as both economies are closely correlated. As this release will undoubtedly push that speculation to a new level since it would either give RBNZ Governor Bollard justification to hike rates, or turn speculation of an early rate hike off.
This is a preview of New Zealand CPI q/q 01/19/10. Read More...
Our focus will be on the headline CPI number. If we get a better than expected number of 0.8% by 0.3%, we should be looking to BUY NZD/USD; if we get a lower than 0.5%, then we’ll see NZD/USD move down.
This is a preview of New Zealand CPI q/q 10/14/09. Read More...
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