The New Zealand market is not the most attractive one for traders, if we compare it with other currencies with higher influence: British Pound; dollar; Euro and Japanese Yen. However, from midnight last night, he gave us a glimpse of the CPI update (quarterly and annual), where he said that the update is very important for future estimates this week. In this article we will look at the importance of this marker, its initial data and its related update.
What has changed in the CPI in New Zealand? The Core Consumer Price Index (CPI), as its name gives us a general idea of what it is about, measures changes in the prices of goods in the first instance, excluding services, food and energy. With this marker you can gauge the purchasing power and inflation trends currently occurring in New Zealand. The higher reading turned positive for the New Zealand Dollar (NZD), while the lower reversed (Negative for NZD) Quarterly CPI (Q3) – Latest updates to date:- April 21st 1.4% previous and 1.8% updated.- July 18th same as previous 1.8% and 1.7% updated. Last night’s update was 2.2%. Annual CPI (3Q) – Latest movements till date:- On April 21, 5.9% as previous and updated 6.9%.- However, on July 18 we saw previous 6.9% and updated 7.3%. Today we see. The final update is 7.2%.
The pair’s last surprising moves (): The pair has been very volatile this morning considering the British pound is strong at the moment. The exchange rate for Sterling Pound to New Zealand Dollar is currently fixed at 1.992 as of 8:30 AM on October 18th, a change of -1.15% and downtrending as of this writing. As forecasts were unsurprisingly very bleak, the end of the market went away. Yesterday was mixed.
The chart of GBP/NZD pair is updated in one day interval
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