In respect to the Kiwi, analysts at ANZ explained that the USD weakened overnight with unease persisting ahead of tonight’s US CPI and more talk of Donald Trump taking action on the US trade deficit with China/Asia.
“Domestic and US inflation will be the focus of the next 24 hours.
We expect NZ inflation expectations will hold around 2%, but there are risks of a modest easing which would pressure this cross lower.
Support 0.7140 Resistance 0.7350.”
The post NZD/USD to head lower on NZ inflation expectations? – ANZ appeared first on CIX Markets.