NZD/USD to make its way back to the 0.6800 mark if the mood improves – ING NZDUSD Inflation CPI Banks NewZealand
data on Wednesday. Strong figures could lift the kiwi, which is expected to climb back to the 0.6800 level, according to economists at ING. “The market’s tightening expectations for the Reserve Bank of New Zealand are already quite aggressive , but we think that a strong CPI read may fuel speculation that the Bank will go for 50bp in February, which should be translated into a stronger NZD.”can make its way back to the 0.
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