We expect a further fall in prices of NZD / USD
Today, the price of the New Zealand dollar showed a strong decline after the publication of the report on the consumer price index, which in the 4th quarter fell by -0.5%, against growth by 0.3% in the third quarter. The annual inflation rate fell to 0.1%, against 0.4% in the third quarter. It is worth recalling that the target range for the consumer price index is 1-3%, and to achieve it the Reserve Bank of New Zealand may reduce interest rates, which, together with the strengthening of the US dollar will lead to the continuation of the negative dynamics. We expect a further fall in price to 0.6250 and 0.6000 in the near future.
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