According to the results of the quarter survey released by the Reserve Bank of New Zealand earlier this week, the inflation expectations for the next 2 years appear to have shown negative dynamics in Q1 2016 and fell down to the lowest level in 22 years!
Indeed, the inflation expectations are going down. The previous survey ended up with 1.85% while the latest one dropped down to 1.63%. For the sake of comparison, the previous quarterly report showed negative dynamics as well by dropping from 1.51% all the way down to 1.09%. At the same time, the indicator showing the perception of money-and-credit conditions in the country has entered the red zone as well. It dropped from -59.70 down to -60.60.
FOREX
Masterforex-V Academy reports that the New Zealand Dollar is still trading against its American counterpart within the scope of a pretty wide price range between 0,6896 and 0,6227. For now, the price is moving somewhere around 0,6622, the experts say. If you trade NZDUSD, make sure that you are monitoring the range borders. The thing is that once the price comes out of the range and consolidates there, we may well see a new momentum. Its direction s going to match the one in which the price has broken out of the range.
