The New Zealand dollar has been marked up after higher than expected inflation data

The data is here, higher than expected:

• New Zealand Q2 CPI 4.1% y/y (expected 4.0%) and 1.5% q/q (expected 1.4%)

We’ll get more inflation data later in the session, this time direct from the Reserve Bank of New Zealand:

• Economic and event calendar in Asia Tuesday, July 21, 2026 – New Zealand inflation data

I’ll have more to come on the CPI numbers separately. 

This article was written by Eamonn Sheridan at investinglive.com.