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NZD/USD skids after soft inflation expectations

  • NZD 0.7525/35 proposition into NZ household inflation expectations data for March

  • Avg 1-year ahead 2.6% vs 3.1% in Dec, 5years out 3.4% vs 4.1% previous

  • NZD fell to c0.7500 on result as outlook of RBNZ rate cuts increases

  • Dilemma is that expected house price inflation ratcheted up to 5.3% from 5.0%

  • Failure to rebound has rate looking at 0.7487 23 Feb low

 

  • Market Data
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