Published: 2024-08-16T04:36:38.000Z
NZD/USD flows: Q2 PPI Higher
FX Analyst
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RBNZ's Assistant Governor Silk says the Bank is taking a measured approach to rate cuts
Q2 PPI Beats
The Q2 NZ PPI has beaten estimate in both input and output category. Both rose above 1% when they are expected to further moderate. Such may be a speed bump in RBNZ's plan of easing all the way till 2026 to 3%. The broad risk mood is positive with regional equity indexes in Japan and Hong Kong outperforming.
NZD/USD is trading 0.45% higher at 0.6011.