NZD/USD flows: RBNZ Inflation Expectation Rises

The RBNZ 2 year inflation expectations has risen to 2.29% from 2.06%. 1yr inflation expectation also rose to 2.41% from 2.15%. It indicates that while RBNZ is clearly on a further easing path, they will be facing inflationary pressure in the coming year that could derail the current trajectory if inflation flares up early.

NZD/USD jumped higher and is trading 0.44% higher at 0.5903.