The Reserve Bank of New Zealand inflation expectations survey is definitely an NZD mover. Date due at 0300 GMT 2-year ahead inflation expectations hit an over 30-year high at the prior release. As did 1-year out. Graph below is via the lender. Via Westpac: inflation expectations for Q3 isn’t likely to rise materially nonetheless it will probably remain at an increased levelAs I posted earlier:Above expectations will feed in to the NZD as being a bullish factor on the margin (and vice versa). The RBNZ is at an interest rate hike cycle because of greater than target CPI. Another RBNZ rate hike arrives August 17 (NZ time).Degrees of (short-term) note for NZD/USD I’ve a watch on are:just above 0.6210 (Friday’s low)circa 0.6250 then just above 0.6280A quick look into a short-term chart will show they are interesting areas. There’s a tiny ‘gap’ (my perception of gaps isn’t quite text book) 0.6250 -0.6285 i reckon will undoubtedly be attractive.
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