
New Zealand Dollar Faces Pressure Despite 3% Inflation Rate
New Zealand's annual inflation hit 3%, the top of the RBNZ's target range, yet markets still expect an interest rate cut in November, keeping the NZD weak.
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New Zealand's annual inflation hit 3%, the top of the RBNZ's target range, yet markets still expect an interest rate cut in November, keeping the NZD weak.

The Australian and New Zealand dollars are under pressure from a strengthening U.S. dollar as traders await the RBNZ's key interest rate decision.