NZD/USD plunges on hawkish Powell, risk aversion

The NZD/USD declined towards 0.5879 on Tuesday reflecting a loss of 0.46%, despite.
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New Zealand QoQ CPI inflation rises to 6.8% QoQ in Q1 vs. 0.6% expected

Inflation in New Zealand, as measured by the change in the Consumer Price Index (CPI), rose to 6.8% QoQ in the first quarter (Q1) of 2024 from 0.5% in the previous reading, Statistics New Zealand reported on Wednesday.
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