New Zealand Dollar Outlook: Kiwi Aided as CPI Tempers RBNZ Rate Cut Bets
Article summary
New Zealand Dollar Outlook: Kiwi Aided as CPI Tempers RBNZ Rate Cut Bets 2021-01-22 00:00:00 New Zealand Dollar, NZD/USD, NZ Inflation, RBNZ – Talking Points Wall Street shifts favor back to technology stocks as Nasdaq rises to new record APAC trading may see regional indexes pullback on Friday, but weekly gains intact New Zealand inflation data further tempers RBNZ rate cut bets, Kiwi reacts to upside Get My Guide Wall Street traders continued to pile into technology stocks on Thursday, boosting the Nasdaq Composite 0.55% into another record high close. Meanwhile, the small-cap Russell 2000 index dropped 0.89%, coming off yesterday’s record high. […] Economic data out of New Zealand is pushing the Kiwi higher after quarterly inflation data beat analysts’ expectations. […] New Zealand Inflation data versus Expectations New Zealand Dollar Technical Outlook: The New Zealand Dollar ’s move higher against the Greenback sent NZD/ USD back above its 0.7200 psychological level and the 38.2% Fibonacci retracement from the December to January move. […] To the downside, the 0.7200 psychological level, 38.2% Fib, and 9-period Exponential Moving Average may likely serve as areas of support.
