New Zealand/USD: Range-Bound

The key event for today is the core consumer price inflation report and the numbers are as follows: May headline CPI was .4% higher and the core CPI was .3% higher. Although the headline is lower than the previous month, the overall effect of today's figure would seem to be "Dollar supportive," however as of this writing, the Dollar has sold-off some in a spat of volatile trade. The YTD increase in the top-line figure is now 4.2% and the YTD core is 2.4%. Read More....