Read full post at forexlive.com
A lower y/y inflation reading is expected from NZ. The Reserve Bank of New Zealand will welcome this. The NZ economy is in dire straits. Plummetting PMIs the latest indications of this:
There are some indications we are getting closer to RBNZ rate cuts:
Inflation data will either support the case for RBNZ rate cuts, or not … we await the figures.
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Also ahead today, although not on the pic below, are Singapore Non-oil Domestic Exports (NODX) data from Singapore.
This article was written by Eamonn Sheridan at www.forexlive.com.
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