In a reversal of roles, Australian Q4 CPI data released earlier this week has proved to be a reliable predictor of inflation in New Zealand, as annual inflation in New Zealand accelerated to a 30 year high earlier today. Headline consumer prices rose by 1.4% q/q, taking the annual inflation rate to 5.9%, up from […]

The post Risk Aversion Overshadows Hot NZ Q4 CPI Data: NZDUSD appeared first on Action Forex.