XE Data Update - NZ 1Q Producer Price Index
The NZ 1Q Producers Price Index (PPI) for has just been released.
The PPI came in fell compared with the previous quarter.
NZ PPI 1Q (compared with 4Q):
-0.3% (4Q was +0.1%)
PPI Outputs 0.1% (4Q was +0.4%)
There were no consensus forecasts published for PPI
The NZD is marginally lower in immediate response.
Fonterra’s Global Dairy Trade auction takes place overnight. But for that, the Reserve Bank of Australia will release their Monetary Policy Meeting Minutes at 1:30pm today.
Current indicative levels are:
NZDUSD 0.6030 /
NZDAUD 0.9250 / 0.9275
NZDEUR 0.5525 / 0.5550
NZDGBP 0.4940 / 0.4965
NZDJPY 64.70 / 64.95