New Zealand’s inflation stats next on the kiwi’s plate – Forex News Preview
Posted on January 20, 2021 at 2:19 pm GMTThe latest inflation numbers from New Zealand will hit the markets late on Thursday (21:45 GMT). Forecasts suggest that inflationary pressures cooled, which may be partly owed to the stronger exchange rate. Still, the domestic economy has recovered well, the virus has been eradicated, and it is looking less likely that the Reserve Bank will cut rates again. As for the kiwi, a lot will depend on global risk sentiment and commodity prices, but the overall picture still seems favorable. [..]