New Zealand Q2 CPI came in at +1.6% YoY, which is lower than market expectations at +1.8%. This may influence the interest rate debate over coming months but I’m sure the RBNZ will need to see a lot more data before changing tack.
NZD/USD support levels start at .8700 through .8670.
AUD/NZD is back at it’s recent pivot levels near 1.0730.