New Zealand Q3 inflation at 3.7%, below forecasts, RBNZ hike still expected
New Zealand's annual CPI slowed to 3.7% in Q3, below forecasts, but markets still expect an RBNZ rate hike next week.
New Zealand's annual CPI slowed to 3.7% in Q3, below forecasts, but markets still expect an RBNZ rate hike next week.
NZDUSD extended its recovery, touching its highest level since September 23 near 0.5704, with the next resistance at the 38.2% retracement of 0.57258.
New Zealand's September goods trade deficit widened to NZ$1.971 billion, more than double expectations, as imports rose while exports stalled.
New Zealand's manufacturing PMI jumped to 56.5 in September, marking 15 months of expansion, though sentiment remains mixed.
NZDUSD sellers drive the pair toward key support at 0.5575-0.5579, with a break below opening the door for further downside.
New Zealand's August trade deficit was -1349mn, with imports at 8bn and exports at 6.66bn. Food price inflation held at 1.9% y/y, unchanged from July.
New Zealand Q2 GDP rose 2.6% y/y, above the 2.3% forecast, supporting the kiwi dollar.
NZD/USD enters Thursday's NZ GDP release already in a breakdown, with three outlined scenarios for the pair's reaction depending on the data outcome.
New Zealand's Q2 GDP expected near zero; RBNZ likely to delay rate decision until December unless data surprises.
NZDUSD and AUDUSD rebound after sellers fail to sustain breaks below key support, with buyers now needing to reclaim broken levels to confirm control.
New Zealand's services sector expanded for a third month in August, with the PSI rising to 51.2, though fragility remains.
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NZD/USD fell after RBNZ comments confirmed a gradual tightening path, with key support at 0.5890 and 0.5840.