NZD/USD rallies on soft US Dollar and US CPI

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NZD/USD rallies on soft US Dollar and US CPI – by fx_ross NZDUSD Currencies

Price Index

As a consequence, the Greenback's index dropped to as low as 100.51, the lowest in two months. US rate futures still show traders overwhelmingly expect the policy rate to rise a quarter point, to a 5.25%-5.5% range, at the Fed's July 25-26 meeting, but now see about a 25% chance of another rate hike before year's end, down from about 35% before the report, Reuters reported.

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