The New Zealand dollar strengthened against other major currencies in the Asian session on Tuesday, as traders increased their bets in favor of interest rate hikes by the Reserve Bank of New Zealand (RBNZ) in the near future due to higher-than-expected New Zealand (NZ) Q1 Consumer Price Index (CPI) data.
According to the data, the NZ CPI increased by 0.9 percent, exceeding both the prior figure of 0.6 percent and predictions of 0.8 percent. Price pressures increased gradually by 3.1 percent annually, whereas a moderate growth rate of 2.9 percent was expected.
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Forex News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.