NZD To Remain Pressured After CPI
New Zealand CPI for Q1 resulted in NZD weakening across the board, with AUDNZD briefly breaking above 1.0700. Alongside its short-term influence on price action, this data could significantly influence NZD’s fundamental outlook.
To help you understand the implications of New Zealand CPI and what it means for NZD, you should watch this short video.
Video Highlights:
00:20 - Key points of the New Zealand CPI report.
02:25 - Best pair to trade Kiwi weakness: AUDNZD.
----
Want fast Forex news and tradable insights? A Forex Source subscription is priced at $247 USD per month. Cancel anytime within the app: https://bit.ly/2PjHVfK