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Pressured After Q3 CPI


Kiwi has been pressured after the Q3 CPI saw inflation slow more than expected to 5.6% Y/Y, a rise of 5.9% Y/Y had been expected.

  • NZD/USD sits ~0.2% lower and last prints at $0.5910/15. The pair remains well within recent ranges. Technically we remain in a downtrend, bears look to break the YTD low at $0.5860. Bulls focus on the 20-Day EMA ($0.5951).
  • AUD/NZD has firmed above the $1.07 handle and sits at its highest level since 2 Oct.

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