The New Zealand Q2 inflation data was published earlier from Stats NZ:
NZD/USD was marked up, but if you check out your charts you’ll see it wasn’t sustained:
ASB on the data:
- core inflation remains stubborn
- sticky non-tradeables inflation
- RBNZ will be kept on alert and will hold rates high for a good while to come
- RBNZ remains on hold though
NZD update: