NZD/USD to head lower on NZ inflation expectations? - ANZ

In respect to the Kiwi, analysts at ANZ explained that the USD weakened overnight with unease persisting ahead of tonight’s US CPI and more talk of Donald Trump taking action on the US trade deficit with China/Asia. 

Key Quotes:

"Domestic and US inflation will be the focus of the next 24 hours. 

We expect NZ inflation expectations will hold around 2%, but there are risks of a modest easing which would pressure this cross lower.

Support 0.7140 Resistance 0.7350."

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.