The New Zealand Consumer Price Index grew by 1.4% y-o-y in the fourth quarter of 2020, equaling the third-quarter result and exceeding the expected 1%.
The quarter-on-quarter inflation fell two tenths, reaching the 0.5% compared to the previous 0.7%, but exceeding the 0% estimated by the market.
NZD / USD reaction
The Kiwi has reacted against the dollar with a rise of almost 25 pips that has returned it to levels above 0.7200. Specifically, the NZD / USD it has jumped towards 0.7221, standing very close to the 6-day highs reached in the European session at 0.7224.
At time of writing, the currency pair is trading above 0.7219, gaining 0.24% daily.
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