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NZD USD has jumped ~40 pips to last deal at....>

KIWI
KIWI: NZD USD has jumped ~40 pips to last deal at highs of $0.6589 after NZ Q3
CPI topped exp., coming in at +0.9% Q/Q & 1.9% Y/Y vs. median exp. of 0.7% &
1.7% respectively, with non-tradable inflation rising 2.6% Y/Y.
- It is worth noting that the headline readings topped all analyst estimates in
the BBG survey.
- Many had identified transitory factors supporting the release in their
pre-print analysis, with focus on the RBNZ's sectoral inflation model, due later
today.
- Bulls now look to the 50-DMA ($0.6598) following a clean break of the 21-DMA
($0.6568).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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