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The Reserve Bank of New Zealand will take some comfort from declining inflation expectations:

1 year for Q1 2024 comes in at 3.22%

  • prior 3.6%

2 year at 2.5%

  • 2.76% prior

more to come

NZD/USD has dropped, but other FX has also against the USD, this is drawing some bids to the USD as this time the terrorists have hit a ship

This article was written by Eamonn Sheridan at www.forexlive.com.

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