The NZD/USD has pushed higher overnight along with theAUD. It sits at 0.8670 currently.The NZD displayed little response to the solid QSBO printfor Q1. The survey showed a big step up in pricingintentions, from +23 to +37, suggesting inflationarypressures are building. This will not be lost on the RBNZwhich remains committed to getting the OCR back to‘neutral’ (circa 4.25%) as soon as possible.
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