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Inflation Expectations Rise, NZD Outperforms G10

NZD

NZD/USD prints $0.5940, close to NY closing levels.


  • NZ 1-year inflation expectations rose to 5.08% from 4.86%, 2-Year expectations rise to 3.62% from 3.07%.
  • The result has helped NZD to outperform G10 peers at the margin, with the broader DXY up ~0.1%. NZD strength has split over into AUD/NZD, with the pair breaking through NZ$1.09 level to retest overnight lows at NZ$1.0882.

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