NZD/USD: NZ Inflation Expectations

Note: This section contains information in English only.
Source: Dukascopy Bank SA

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The Kiwi weakened against the US Dollar after the Reserve Bank of New Zealand diminished its inflation expectations. The NZD/USD currency pair dropped 0.20% or 14 base points to the 0.6894 mark to continue gradual decrease.

The RBNZ quarterly survey showed that inflation growth is likely to remain tepid, adding to expectations for the Central Bank to keep the key interest rate at the record-low level of 1.75%. The Reserve Bank revealed that the country's businesses expect yearly inflation to grow average 1.9% over the next year, compared with a 1.8% growth projection previously. Meanwhile, the Bank's two-year inflation forecasts fell to 2.0% from 2.1%

Historical Data Table:  NZ Inflation Expectations q/q Economic Calendar for 06.11.2017
           
Date 02.10.2016 07.02.2017 05.05.2017 07.08.2017 06.11.2017 1:00 PM FOMC Member Yellen Speech
Actual 1.70% 1.90% 2.20% 2.10% 2.00% 3:00 PM Ivey PMI
Forecast - - - - - 5:00 PM Fed's Willian Dudley Speech
           
Initial Reaction on Main Pairs  SWFX Sentiment Indexes
           
  Open Price Close Price % Change   Longs Shorts
AUD/NZD 1.10751 1.10925 0.16% AUD/NZD 37.67% 62.33%
EUR/NZD 1.68184 1.68475 0.17% EUR/NZD 31.69% 68.31%
GBP/NZD 1.89301 1.89648 0.18% GBP/NZD 64.72% 35.28%
NZD/USD 0.69048 0.68912 -0.20% NZD/USD 57.09% 42.91%

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