On Friday night, NZD held onto gains after strong domesticdata, but will open lower this morning thanks to thesituation in Ukraine. Friday saw the release of the ANZ Business Outlooksurvey, which showed that business confidence is at itshighest level in two decades. More interestingly for us,inflation expectations ticked higher, and pricing intentionspushed further above average. Overall, the report adds tothe overwhelming case for an OCR hike on 13 March.
Read the full report: FX Daily
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