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NZ CPI Preview: Bulls seeking a catalyst for an upside extension to 0.7235

1 month ago   |   By FXCM

New Zealand has bounced back rapidly after the shock of the Covid-19 lockdowns last year.
NZ CPI is on the cards and given the hawkish environment at central banks, there is a bias to the upside for the kiwi.
Today we have New Zealand's fourth-quarter Consumer Price Index where the market expects a 1% outcome for the year due to a flat 0% result quarter on quarter.
The data is likely to show that food prices have eased off from their winter highs and that travel-related prices would be a smaller than usual contribution pertaining to behavioural habits.
There could also be disruptions to...
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