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New Zealand Dollar softens below 0.5700 on RBNZ rate hike odds, CPI inflation data in focus

FXStreetNew Zealand

New Zealand Dollar softens below 0.5700 on RBNZ rate hike odds, CPI inflation data in focus

The NZD/USD pair drifts lower to near 0.5680, snapping the four-day winning streak during the Asian trading hours on Wednesday. Markets turn cautious ahead of New Zealand’s Consumer Price Index (CPI) inflation data for the third quarter (Q3), which is due later on Thursday.

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