The New Zealand dollar has posted considerable gains on Tuesday. In the North American session, NZD/USD is trading at 0.6065, up 0.54% and its highest level since March 21.
The Reserve Bank of New Zealand (RBNZ) is likely to keep rates on hold due to stubbornly high inflation. Rate cuts are still some way off. AUD/USD tests crucial resistance
US equity markets rally despite the hot data, leading risk assets higher. US 10-yr yield closes above 4.40%, logs second strongest week, year-to-date. US CPI this week's headliner; ECB, RBNZ, BoC all expected to remain on-hold
The New Zealand Dollar (NZD) edges lower in its most heavily-traded pairs on Wednesday following the trend of the previous weeks as bearish fundamentals, including an overall negative outlook for growth, continue to weigh.