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FX Watch: AUD/NZD and NZD/JPY Inflection Points Ahead of New Zealand’s Quarterly CPI

Will we see another set of downbeat inflation readings from New Zealand?

Our Event Guide for the NZ Q3 2024 CPI noted that underlying inflation metrics looking mixed but likely enough to keep annual CPI within the RBNZ target range.

If the numbers are enough to keep dovish RBNZ expectations in play, better keep tabs on these AUD/NZD and NZD/JPY support zones!

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