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NZD/USD: a buy on the CPI dump? - ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Prior to the release of today's NZ CPI, where the bird has collapsed on a shocking result, analysts at ANZ suggest this may only be a temporary drop. Watch the upside from here?

    Key Quotes:

    "New Zealand Q4 CPI this morning will be watched, but weak inflation outturns are a global phenomenon and the NZD is depressed by sentiment. Thus we would expect a weak result to only have a temporary impact on this cross."

    "US CPI later in the evening could have a more persistent impact if there are signs of a December increase, and the US housing sector if strong could also validate current levels."
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