NZD/USD: a buy on the CPI dump? - ANZ

FXStreet (Guatemala) - Prior to the release of today's NZ CPI, where the bird has collapsed on a shocking result, analysts at ANZ suggest this may only be a temporary drop. Watch the upside from here?

Key Quotes:

"New Zealand Q4 CPI this morning will be watched, but weak inflation outturns are a global phenomenon and the NZD is depressed by sentiment. Thus we would expect a weak result to only have a temporary impact on this cross."

"US CPI later in the evening could have a more persistent impact if there are signs of a December increase, and the US housing sector if strong could also validate current levels."