The New Zealand dollar gained versus its most-traded peers today following the decline caused by the nation’s inflation print that missed market expectations.
The New Zealand Consumer Price Index rose just 0.1% in the December quarter from the previous three months following the 0.5% increase in the September quarter. That is compared to the average forecast of a 0.4% increase. The report was released at the end of the previous session, though, causing a collapse of the currency then. And the rally during the current session was nowhere big enough to erase the slump caused by the report.
NZD/USD rose from 0.7340 to 0.7363 as of 11:39 GMT today. EUR/NZD declined from 1.6899 to 1.6847.
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