Forex
NZD Under Pressure from Softer Inflation Outlook, Tensions Weigh on USD
The New Zealand Dollar (NZD) slid for a fourth consecutive day to around 0.5840 in Asian trading hours on Thursday, as the Reserve Bank of New Zealand's (RBNZ) latest inflation expectations survey showed softer numbers.
RBNZ two-year inflation expectations eased to 2.34% in Q3 2026 from 2.53% in Q2, while one-year projections stood at 2.6%. The RBNZ's moderation of inflation outlook may have weighed on the NZD.
The US Dollar regained its intraday losses amid heightened tensions between the US and Iran, and steady US inflation supported by weaker energy and food prices.