RBNZ Survey: NZ two-year household inflation expectations seen rising to 3.2%
Source Fxstreet
New Zealand’s (NZ) two-year inflation expectations for households are seen rising to 3.2%, as against a 3.0% growth estimated before, the latest survey conducted by the Reserve Bank of New Zealand showed on Thursday.
The RBNZ closely watches the two-year inflation expectations, as the central bank considers this time horizon as key for the transmission of changes in monetary policy.
Market reaction
The New Zealand Dollar keeps its upbeat momentum intact following the above survey findings. NZD/USD is adding 0.15% on the day to trade near 0.6190, at the press time.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
EUR/USD Forecast: Euro weakens as risk mood soursEUR/USD struggles to find a foothold and trades at a fresh weekly low below 1.1850 after closing in negative territory on Monday. In the absence of high-impact data releases, the risk-averse market atmosphere could make it difficult for the pair to stage a rebound.
EUR/USD struggles to find a foothold and trades at a fresh weekly low below 1.1850 after closing in negative territory on Monday. In the absence of high-impact data releases, the risk-averse market atmosphere could make it difficult for the pair to stage a rebound.
Gold (XAU/USD) attracts some follow-through selling for the second straight day and slides to the $4,922 area during the Asian session on Tuesday amid thin liquidity on the back of the Lunar New Year holidays in China.
Gold price (XAU/USD) extends its losses for the second successive session, trading around $4,930 per troy ounce during the Asian hours on Tuesday.
Silver price retreats during the North American session nearly 1%, after reaching a daily high of $78.20.
The fourth-quarter earnings season for U.S. stocks is drawing to a close. With market participation continuing to rise, the U.S. stock market has entered a new normal with an average dail
Related Instrument
