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UK Salary Inflation Slow

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    According to data published yesterday, the global index for dairy produce is down again, dropping by 1.4% against a previous fall of 1.6% at the last auction. Data published today in New Zealand showed that Q4 of 2015 consumer inflation was down by 0.5%, with a -0.1% YoY fall. This is the lowest CPI for the country since 1999. The USD/NZD has fallen from 0.6485 to 0.6349 since yesterday. The market opinion is that the RBNZ will be forced to drop its rate by 50 basis points this year in order

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