The New Zealand dollar has been marked up after higher than expected inflation data
From the original
The data is here, higher than expected: New Zealand Q2 CPI 4.1% y/y (expected 4.0%) and 1.5% q/q (expected 1.4%) We'll get more inflation data later in the session, this time direct from the Reserve Bank of New Zealand: Economic and event calendar in Asia Tuesday, July 21, 2026 -
Related speeches
4 itemsNZD is solidly higher after higher than expected CPI. Be aware there is RBNZ inflation data due soon.
Economic and event calendar in Asia Tuesday, July 21, 2026 - New Zealand inflation data
Reserve Bank of New Zealand survey shows rising inflation expectations
The Reserve Bank of New Zealand's latest survey indicates a notable rise in inflation expectations, with 2-year expectations climbing to 2.5% from 2.4% and 1-year expectations surging to 3.4% from 2.6%. Per the full note [source], this shift suggests that market participants are increasingly anticipating sustained inflationary pressures, which could influence the RBNZ's monetary policy trajectory. The desk views this as a potential catalyst for the NZD, particularly if the central bank reacts to these expectations with a more hawkish stance. With the current consensus target for NZD/USD at 1.075, this data could prompt a reassessment of positioning ahead of upcoming economic indicators.
More like this
5 itemsGoldman Sachs says yuan undervalued by up to 25% and markets underestimate how far it can rise
EUR/USD consolidates at the lows as France's budget and US CPI remain in focus
Indian Rupee set for 1% rally as RBI curbs hedging rush that hit a record $77 billion
Monday open indicative forex prices, 12 October 2026