{"id":94426,"date":"2025-10-21T09:40:14","date_gmt":"2025-10-21T09:40:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/94426\/"},"modified":"2025-10-21T09:40:14","modified_gmt":"2025-10-21T09:40:14","slug":"nzd-usd-holds-near-cyclical-lows-after-mixed-q3-cpi-bbh","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/94426\/","title":{"rendered":"NZD\/USD holds near cyclical lows after mixed Q3 CPI \u2013 BBH"},"content":{"rendered":"<p>NZD\/USD is directionless just above last week\u2019s cyclical low of 0.5683.\u00a0New Zealand Q3 CPI was mixed, BBH FX analysts report. <\/p>\n<p>RBNZ policy flexibility keeps NZD under pressure<\/p>\n<p>&#8220;Headline CPI rose a tick more than expected by 1.0% q\/q vs. 0.9% in Q2 driven by property rates and related services. Year-over-year, headline CPI matched consensus and <a href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/rbnz\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">RBNZ<\/a> projection at 3.0% (highest since Q2 2024) vs. 2.7% in Q2. The largest contributors to the annual inflation rate were all in the housing and household utilities group (electricity, rent, and local authority rates and payments).&#8221;<\/p>\n<p>&#8220;More importantly,\u00a0underlying inflation is within the RBNZ\u2019s 1 to 3% target range. That leaves room for the RBNZ to deliver more cuts and is a headwind for NZD. The RBNZ sectoral factor model printed for a second consecutive quarter at 2.7% y\/y and an average of core inflation measures remained near 2.5% y\/y in Q3.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"NZD\/USD is directionless just above last week\u2019s cyclical low of 0.5683.\u00a0New Zealand Q3 CPI was mixed, BBH FX&hellip;\n","protected":false},"author":2,"featured_media":94427,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-94426","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/94426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=94426"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/94426\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/94427"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=94426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=94426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=94426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}