ForexLive Asia FX news wrap: Hot New Zealand inflation boosts RBNZ rate hike expectations and the NZD

Forex news for Asia trading on Friday 16 July 2021 Once again eyes turned to New Zealand, today for the release of Q2 inflation data. The headline CPI came in hot, at 3.3% y/y and 1.3% for the quarter alone. Expectations and market pricing for a near-term cash rate hike from the Reserve Bank of New Zealand rose; while last week the consensus

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