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Oct 17 - 07:55 PM

NZD/USD - Pops Higher After Hotter Than Expected NZ CPI

By John Noonan  —  Oct 17 - 06:29 PM
  • NZD/USD traded to 0.7105 after Q3 NZ CPI came in highest in over 10 years nW9N2OR01D

  • The hot inflation data will harden hawkish RBNZ expectations and support NZD

  • FX market rewarding yield differentials as NZD/JPY spiked 4% last week

  • NZD/USD stalling around 0.7100 with 200-day MA at 0.7101 offering resistance

  • A clear break above the 200-day MA targets the Sept trend high at 0.7170

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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