NZD/USD jumps after NZ inflation data

FXstreet.com (Córdoba) - The NZD/USD rose back above 0.8300 after the release of the CPI for the fourth quarter. Before the report it was trading at 0.8260 and jumped to 0.8308, reaching the strongest level since last Friday. A higher than expected reading in inflation boosted the Kiwi across the board.

According to the report, the Consumer Price Index rose at a pace of 0.1% during the fourth quarter, analyst where expecting a negative reading of -0.1%. On an annual basis, the rate was 1.6%, above the 1.5% expected.

At the moment of writing, NZD/USD is trading at 0.8301, up 0.48% for the day so far and almost a hundred pips above Monday's lows.