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fxJul 14, 2026, 2:33 PM

NZD/USD Hits One-Month High as US CPI Misses Expectations

The New Zealand dollar surged to a one-month high against the US dollar after softer-than-expected US inflation data reduced the likelihood of a near-term Federal Reserve rate hike.

NZDUSD

The New Zealand dollar rallied to a one-month high on Tuesday, climbing nearly 1.23% to trade around 0.5820 against the US dollar. The move came as traders reacted to the latest US inflation figures, which came in below consensus forecasts.

The softer CPI print dampened expectations that the Federal Reserve will raise interest rates in the near future, weakening the greenback across the board. NZD/USD benefited from the shift in sentiment, breaking above recent resistance levels.

Analysts noted that the pair's upward momentum could continue if US data remains subdued, though market focus is now shifting to upcoming New Zealand economic releases for further direction.

Source: FXStreet Forex News