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RBNZ: Inflation gauge highest since Q1 2012

FXStreet (Bali) - RBNZ Q3 sectoral factor model inflation gauge has risen to +1.5% (highest since Q1 2012) vs +1.4% prior in Q2, Bloomberg reports, referring to the M1 Prices indicator released by the RBNZ website, which according to RBNZ Governor Wheeler, is one of their preferred tools available to measure core inflation.

New Zealand released, at the close of the NY markets, higher-than-expected official CPI figures for Q3. New Zealand Consumer Price Index (YoY) came in at 0.4%, above expectations (0.3%) in 3Q, while QoQ, was also above expectations at 0.3% vs 0.2% exp.

Gold headed for a heaven – Commerzbank

Research Team at Commerzbank, note that the gold price surged by $26 at its peak yesterday and was trading for a time at a four-month high of $1,190 per troy ounce.
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Aussie smashed on RBA rate cut chatter, EZ final CPI – Up next

The USD/JPY pair staged a solid recovery in Asia, with the risk-on trades offering further support to the USD bulls. While the Antipodes were unperturbed by improving risk-appetite as the Aussie fell sharply lower on increased RBA rate cut bets next month and the Kiwi also keeps losses weighed by poor CPI figures.
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