Vesna Wojcik

Been diving deep into economic indicators lately, and CPI (Consumer Price Index) keeps coming up as a major market mover. From what I'm gathering, it basically tracks the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. So when we see a high CPI print, it's essentially telling us that things are getting more expensive for the average person, which often leads to speculation about rate hikes from central banks to cool inflation. Am I missing any crucial nuances here?

The RBNZ's hawkish hold has me re-evaluating $NZDCAD. We saw a decent dip today to $0.82181, down -0.31%, with lows around $0.82093. If global sentiment turns risk-on, that differential could see NZD strength.