Tuesday’s Asian session begins with the quarterly release of New Zealand CPI at 21:45 GMT.
Considering the recent comments from the RBNZ’s Governor Orr and the central bank's bearish bias, today’s Q2 2019 consumer price index (CPI) continues to be the key catalyst for the NZD/USD pair.
Forex Previews: 16/04/2019 - New Zealand Q1 CPI ahead for the kiwi
Markets consensus favors an increase to 1.7% from 1.5% in the YoY number versus a rise to 0.6% from 0.1% in the quarterly inflation figure. Analysts at Westpac join the broad expectations of a 0.6% rise in the inflation gauge to roll out on a quarterly basis which in turn results in an increase in YoY figure to 1.7% from 1.5%.
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