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Reserve Bank of New Zealand (RBNZ) Deputy Governor Christian Hawkesby said on Friday, “high and sticky core inflation leaves little room for error.” Additional comments Need to take seriously that some inflation expectation measures have ticked up.
The NZD/USD pair attracts some dip-buying during the Asian session on Thursday and stalls the previous day's late pullback from levels just above the 0.6200 mark, or a four-month peak.
In the opinion of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, NZD/USD could still edge higher in the short term.
NZD/USD extends its gains for the sixth successive day, trading higher around 0.6170 during the early European session on Thursday.
The NZD/USD is trading flat in Thursday's US trading session, battling back into 0.6150 after seeing a technical rejection from the 0.6200 handle on Wednesday.