AUD/NZD renews five-week low around 1.1100 on strong New Zealand Inflation, RBA Minutes eyed – by anilpanchal7 AUDNZD Inflation RBA RBNZ RiskAppetite
New Zealand Q3 CPI rose 2.2% versus 1.6% expected and 1.7% prior.Minutes will be important due to the surprise 0.25% rate hike.
New Zealand’s third quarter CPI rose to 2.2% compared to the 1.6% market forecast and 1.7% prior. The details also mentioned that the YoY CPI increased to 7.2% versus the 6.6% expected and 7.3% prior. It should be noted, however, that the week-start risk-on mood challenges the pair’s downside, together with the cautious mood ahead of the RBA Minutes.
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