{"id":44500,"date":"2023-04-20T06:28:00","date_gmt":"2023-04-20T05:28:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=44500"},"modified":"2023-04-20T10:32:36","modified_gmt":"2023-04-20T09:32:36","slug":"morning-brief-kiwi-falls-hard","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/morning-brief-kiwi-falls-hard\/","title":{"rendered":"Morning Brief – Kiwi falls hard"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

The New Zealand dollar<\/a> fell sharply against the US dollar after New Zealand’s consumer inflation came in below expectations in the first quarter, dampening expectations of a coming rate hike from the RBNZ.<\/p>

The consumer price index rose by 6.7% year-on-year in the first quarter, which was in line with the increase in the fourth quarter, according to data from the Statistics New Zealand.<\/p>

Accordingly, the New Zealand dollar dropped below its 200-day moving average for the first-time this month against the US dollar as the inflation data caused a major sell-off towards the 0.7150 level.<\/p>

Inflation is now below the three-decade high of 7.3% inflation seen in the second quarter of 2022. Inflation is a significant challenge for the Reserve Bank of New Zealand (RBNZ), which has raised interest rates to 5.25% from a record low 0.25% in October 2021. The RBNZ has signalled further cash.<\/p>

Previous data showed that annual inflation rate in New Zealand rose 6.7 percent in the first quarter of 2023 down from a 7.20 percent increase in the fourth quarter of 2022.<\/p>

It was the smallest gain in consumer prices since the fourth quarter of 2021 as prices rose at a slower pace for transport (3.7% vs 7.4% in Q4), housing and household utilities (7.1% vs 8%), household contents (6.8% vs 8.2%), and health (5.2% vs 5.6%).<\/p>

The CPI rose 1.2% quarter-on-quarter, slower than the 1.4% rise in the fourth quarter. The data was well below economists\u2019 expectations in a Reuters poll for a 1.7% rise for the quarter and a 7.1% year-on-year rise.<\/p>

The OIS market continues to imply an 84% probability of a 25-bps rate hike by the RBNZ in May but that seems to be the limit in which traders expect the central bank to reach.<\/p>

The RBNZ had forecast Q1 inflation to be at 7.3% on an annual basis and for that to slow to 6.6% in Q2. As such, the 6.7% reading seen earlier today for Q1 is very much helping to pump the brakes on any further aggression in the tightening cycle at least.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

The New Zealand dollar fell sharply against the US dollar after New Zealand’s consumer inflation came in below expectations in the first quarter, dampening expectations of a coming rate hike from the RBNZ. The consumer price index rose by 6.7% year-on-year in the first quarter, which was in line with the increase in the fourth […]<\/p>\n","protected":false},"author":4,"featured_media":18265,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[381,264],"yoast_head":"\nMorning Brief - Kiwi falls hard - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/morning-brief-kiwi-falls-hard\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morning Brief - Kiwi falls hard Morning Brief - Kiwi falls hard\" \/>\n<meta property=\"og:description\" content=\"The New Zealand dollar fell sharply against the US dollar after New Zealand's consumer inflation came in below expectations in the first quarter, dampening expectations of a coming rate hike from the RBNZ.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/morning-brief-kiwi-falls-hard\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-20T05:28:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-20T09:32:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/11\/GettyImages-1131200520.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"526\" \/>\n\t<meta property=\"og:image:height\" content=\"290\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Morning Brief - Kiwi falls hard Morning Brief - Kiwi falls hard\" \/>\n<meta name=\"twitter:description\" content=\"The New Zealand dollar fell sharply against the US dollar after New Zealand's consumer inflation came in below expectations in the first quarter, dampening expectations of a coming rate hike from the RBNZ.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-kiwi-falls-hard\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-kiwi-falls-hard\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Morning Brief – Kiwi falls hard\",\"datePublished\":\"2023-04-20T05:28:00+00:00\",\"dateModified\":\"2023-04-20T09:32:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-kiwi-falls-hard\/\"},\"wordCount\":325,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"NZD\",\"RBNZ\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-kiwi-falls-hard\/\",\"url\":\"https:\/\/youtrading.com\/en\/morning-brief-kiwi-falls-hard\/\",\"name\":\"Morning Brief - Kiwi falls hard - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2023-04-20T05:28:00+00:00\",\"dateModified\":\"2023-04-20T09:32:36+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-kiwi-falls-hard\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/morning-brief-kiwi-falls-hard\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-kiwi-falls-hard\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Morning Brief – Kiwi falls hard\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youtrading.com\/en\/#website\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"name\":\"Youtrading UK\",\"description\":\"Leaders in Trader Training\",\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youtrading.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youtrading.com\/en\/#organization\",\"name\":\"YouTrading\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"contentUrl\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"width\":2531,\"height\":570,\"caption\":\"YouTrading\"},\"image\":{\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/YouTradingEnglish\/\",\"https:\/\/www.instagram.com\/youtrading_english\/\",\"https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\",\"name\":\"Nathan Batchelor\",\"description\":\"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.\",\"url\":\"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Morning Brief - Kiwi falls hard - Youtrading UK","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/youtrading.com\/en\/morning-brief-kiwi-falls-hard\/","og_locale":"en_GB","og_type":"article","og_title":"Morning Brief - Kiwi falls hard Morning Brief - Kiwi falls hard","og_description":"The New Zealand dollar fell sharply against the US dollar after New Zealand's consumer inflation came in below expectations in the first quarter, dampening expectations of a coming rate hike from the RBNZ.","og_url":"https:\/\/youtrading.com\/en\/morning-brief-kiwi-falls-hard\/","og_site_name":"Youtrading UK","article_publisher":"https:\/\/www.facebook.com\/YouTradingEnglish\/","article_published_time":"2023-04-20T05:28:00+00:00","article_modified_time":"2023-04-20T09:32:36+00:00","og_image":[{"width":526,"height":290,"url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/11\/GettyImages-1131200520.jpg","type":"image\/jpeg"}],"author":"Nathan Batchelor","twitter_card":"summary_large_image","twitter_title":"Morning Brief - Kiwi falls hard Morning Brief - Kiwi falls hard","twitter_description":"The New Zealand dollar fell sharply against the US dollar after New Zealand's consumer inflation came in below expectations in the first quarter, dampening expectations of a coming rate hike from the RBNZ.","twitter_misc":{"Written by":"Nathan Batchelor","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/youtrading.com\/en\/morning-brief-kiwi-falls-hard\/#article","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/morning-brief-kiwi-falls-hard\/"},"author":{"name":"Nathan Batchelor","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab"},"headline":"Morning Brief – Kiwi falls hard","datePublished":"2023-04-20T05:28:00+00:00","dateModified":"2023-04-20T09:32:36+00:00","mainEntityOfPage":{"@id":"https:\/\/youtrading.com\/en\/morning-brief-kiwi-falls-hard\/"},"wordCount":325,"publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"keywords":["NZD","RBNZ"],"articleSection":["Markets"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/youtrading.com\/en\/morning-brief-kiwi-falls-hard\/","url":"https:\/\/youtrading.com\/en\/morning-brief-kiwi-falls-hard\/","name":"Morning Brief - Kiwi falls hard - Youtrading UK","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/#website"},"datePublished":"2023-04-20T05:28:00+00:00","dateModified":"2023-04-20T09:32:36+00:00","breadcrumb":{"@id":"https:\/\/youtrading.com\/en\/morning-brief-kiwi-falls-hard\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/youtrading.com\/en\/morning-brief-kiwi-falls-hard\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/youtrading.com\/en\/morning-brief-kiwi-falls-hard\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/youtrading.com\/en\/"},{"@type":"ListItem","position":2,"name":"Morning Brief – Kiwi falls hard"}]},{"@type":"WebSite","@id":"https:\/\/youtrading.com\/en\/#website","url":"https:\/\/youtrading.com\/en\/","name":"Youtrading UK","description":"Leaders in Trader Training","publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/youtrading.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/youtrading.com\/en\/#organization","name":"YouTrading","url":"https:\/\/youtrading.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","contentUrl":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","width":2531,"height":570,"caption":"YouTrading"},"image":{"@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/YouTradingEnglish\/","https:\/\/www.instagram.com\/youtrading_english\/","https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg"]},{"@type":"Person","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab","name":"Nathan Batchelor","description":"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.","url":"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/"}]}},"_links":{"self":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/44500"}],"collection":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/comments?post=44500"}],"version-history":[{"count":0,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/44500\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media\/18265"}],"wp:attachment":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media?parent=44500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/categories?post=44500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/tags?post=44500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}