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Inflation Expectations Weaken NZD

Yesterday’s high: NZ$1.7744

Yesterday’s low: NZ$1.7640

GBP/NZD Recovers a Cent

With the latest 2-year inflation expectation report from the Reserve Bank of New Zealand (RBNZ) showing a downtick in CPI bets, NZD exchange rates softened and GBP/NZD was able to recover by around a cent on Monday.

An as-forecast like-for-like sales result from the British retail consortium had little impact on the Pound this morning and the New Zealand Dollar was fairly static ahead of tomorrow’s RBNZ interest rate decision.

NZD Outlook: Little Movement Forecast for the ‘Kiwi’

With influential ecostats thin on the ground both at home and away, the New Zealand Dollar may prove fairly range-bound ahead of tomorrow’s RBNZ interest rate announcement. Dovish commentary from the central bank would be negative for the ‘Kiwi’.

Key Events

9th August

22:00 RBNZ Interest Rate Decision

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To keep up to date with the New Zealand Dollar, visit the NZD blog in our Currency News section.

Joe Mayhew

Senior Currency Broker
T: 01442 892 060

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