NZD/USD drops to 0.6110 on Kiwi Inflation, focus on US CPI data

NZD/USD drops to 0.6110 on Kiwi Inflation, focus on US CPI data

- NZD/USD loses ground as US Dollar improves ahead of US Inflation data. - RBNZ Inflation Expectations (Q1) increased by 2.5% against the 2.7% prior. - Annual US CPI and Core CPI could moderate to 2.9% and 3.7%, respectively. The NZD/USD pair falls to near 0.6110 during the European trading session on Tuesday. The New Zealand Dollar (NZD) encounters pressure against the US Dollar (USD) is partially attributed to diminished Kiwi inflation expectations in the first quarter, as reflected in …