New Zealand Q4 CPI
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.





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