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NZD/USD up a few ticks after the surging inflation report

Started by forex4you, Oct 18, 2022, 06:45 am

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NZD/USD up a few ticks after the surging inflation report

<p>New Zealand inflation data blew out expectations:</p><ul><li><a href="https://www.forexlive.com/news/nz-q3-cpi-22-qq-expected-16-20221017/" target="_blank" data-article-link="true">NZ Q3 CPI 2.2% q/q (expected 1.6%)</a></li></ul><p>See that post for more info on the report. It keeps further Reserve Bank of New Zealand rate hikes firmly on track. The next meeting is November 23, and then a three-month wait for the following meeting. Its difficult to see the RBNZ doing any less than +50bp in November. </p><p>NZD/USD update, up a few ticks only, but the high inflation reading will provide a tailwind:</p><p class="western" align="left">
(This
chart is from our charting app, which is free and <a href="https://www.forexlive.com/LiveCharts">can
be found at this link</a>)</p>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: NZD/USD up a few ticks after the surging inflation report

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