There is a better risk environment on Tuesday with US stocks performing well on healthy earnings which supports the Kiwi and the high beta complex as a whole. While there has been little reason to hold the bird, the latest economic data have beaten expectations. Firstly, in late Sep.,the New Zealand April to June economic growth came in at a beat: +1.0% q/q expected 0.8% q/q, prior 0.5% 2.8% y/y expected 2.5% y/y, prior 2.6%, revised from 2.7%. Then, yesterday, the NZ CPI data arrived at 0.9% q/q vs. expected 0.7% and much better than prior 0.4% q/q - (1.9 % y/y - higher than expected 1.7% y/y, prior 1.5%). That data ... (full story)