New Zealand Dollar soars to one-month high as US CPI undershoots

NZD/USD jumps to a one-month high on Tuesday as traders digest the latest US inflation data, which came in softer than expected and reduced expectations of an imminent Federal Reserve (Fed) interest rate hike. At the time of writing, the pair trades around 0.5820, up nearly 1.23% on the day.

You are being sent to the original publisher. FX Radar keeps this reference for market context and source discovery.