New Zealand Dollar eased after hot US CPI with RBNZ inflation survey next on the slate
NZD/USD edged lower in choppy two-way trade on Tuesday, settling slightly down for the session. The pair set its peak during the Asian and early European hours, then fell to a session low around the 0.5935 area mid-session, before recovering part of the move into the New York close.
The New Zealand Dollar may continue to face downward pressure as traders react to the hot US CPI data. Anticipation of the RBNZ inflation survey could lead to further volatility in NZD/USD.
NZD/USD edged lower in choppy two-way trade on Tuesday, settling slightly down for the session. The pair set its peak during the Asian and early European hours, then fell to a session low around the 0.5935 area mid-session, before recovering part of the move into the New York close.
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