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Currency Market Analysis

Global Themes

Kiwi jumps on higher-than-expected inflation The NZDUSD jumped to one-month highs this morning after a stronger-than-expected result from NZ inflation. Annual inflation rose to 2.2% in the March quarter. The market was looking for a 2.0% annual rate. While higher oil prices and the alcohol and tobacco tax hike were to blame, the rise also reflect global inflationary pressures.

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