Source: ForexYard
With New Zealand banks on holiday Monday in observance of Labour Day, many are anticipating a volatile jump in the New Zealand dollar’s (NZD) value come reopening later this evening. The New Zealand economy is releasing a highly important data release on consumer inflation (CPI).
As this report comes on the coattails of a bank holiday, it is expected to generate a wider swing than usual as bank liquidity comes back online simultaneously with an impactful report. The Kiwi has been consolidating lately and this evening’s data release could be what’s needed to shake it loose and send it reeling. Traders interested in trying to capture this volatility for profit would do well to watch this evening’s report.
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