Flash: New Zealand CPI up next, NZD/USD to follow US politics - ANZ

FXstreet.com (Barcelona) - Ahead of New Zealand's CPI, ANZ notes it may give a brief respite from trading on US politics today.

Key Quotes

"ANZ is in line with market expectations of 1.2% y/y, the first time in a year inflation will be within the RBNZ’s 1-3% band."

"However, NZD/USD will continue to follow US politics with current market perception that the removal of default risk leaves NZD in demand as Fed policy will remain more accommodative. Expected range: 0.8320 – 0.8420."