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New Zealand dollar edges up ahead of CPI
The New Zealand dollar has edged higher on Tuesday and is trading just above the 0.65 line. NZD//USD is coming off a strong week, as it gained 1.39% and climbed to 7-month highs. Markets eye New Zealand CPI: New Zealand releases CPI for the fourth-quarter later today, in what promises to be a closely watched release. Inflation is expected to drop to 1.3% q/q, down from 2.2% in Q3. On an annualized basis, CPI is forecast to inch lower to 7.1%, down from 7.2% in Q3. Like other major central banks, the Reserve Bank of New Zealand has circled inflation as public enemy number one and has raised rates by 325 basis points ... (full story)