New Zealand inflation expectations rise, Kiwi keeps losses
Fundamental Forex Analysis

New Zealand inflation expectations rise, Kiwi keeps losses

According to the latest Reserve Bank of New Zealand (RBNZ) survey, New Zealand’s both one and two-year inflation expectations rose in the first quarter of 2020.

Business managers forecast annual inflation averaging 1.88% over the coming year vs. 1.66% previous.

Two-year inflation expectations, seen as the time frame when RBNZ policy action will filter through to prices, rose to 1.93% from 1.80% last. This marked the first uptick in six quarters.

Kiwi uninspired

The Kiwi consolidates the downside near a new nine-week low of 0.6447 following the upbeat NZ data, with the prices now trading flat at 0.6453.

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