New Zealand Q4 CPI

Written January 19, 2010 at 4:50 PM EST by  

The 4th quarter New Zealand CPI came out softer than expected pushing the Kiwi marginally lower on the release. The details are as follows:

CPI (QoQ) – Survey:0.0%   Actual:-0.2%   Prior:1.3%

CPI (YoY) – Survey:2.1%   Actual:2.0%   Prior:1.7%

The Kiwi is coming under less pressure as the commodity and positive carry currencies continue to outperform other pro-risk currencies against the USD. On the chart below we could see some light support develop below the 73 cent handle on Kiwi with a move below today’s lows.

nzdusd1

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