New Zealand Dollar Holds Ground Despite Soft China CPI Data

NZD/USD continued its upward move for a second consecutive session on Thursday, with the pair trading around 0.5720 during Asian hours. The New Zealand Dollar held onto its recent gains despite the release of softer Consumer Price Index (CPI) data from China, New Zealand's close trading partner.

The market reaction suggests that the weaker Chinese inflation figures did not derail the NZD's positive momentum, as traders focused on other supportive factors. The exact CPI reading was not detailed in the original report.