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New Zealand's (NZ) inflation expectations extended their decline on a 12-month and a two-year time frame for the first quarter of 2024, the Reserve Bank of New Zealand’s (RBNZ) latest monetary conditions survey showed on Tuesday.
The New Zealand Food Price Index rebounded to 0.9% MoM in January, tipping into a six-month high but remains well below the previous peak of 1.6% in July of 2023.
NZD/USD recovers its recent losses seen in the prior session, trading higher around 0.6120 during the Asian trading hours on Friday.
The NZD/USD pair holds positive ground above 0.6100 during the early Asian session on Thursday.
NZD/USD trades higher for the third straight session around 0.6110 during the early European session on Thursday.