NZD/USD gives back gains on US CPI as Fed hawks regain control: Nov 11, 2026
The New Zealand dollar gave back nearly half its election gain after US CPI data as Fed hawks regained control, then steadied as Iran talks failed to lift NZD/USD. The pair also strengthened at one point despite decreasing RBNZ rate-hike odds. It matters for NZD/USD because the RBNZ says sustained New Zealand dollar depreciation has fuelled inflation, with its chief economist warning inflation and expectations remain too high and further rate hikes are needed.
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The reading that day
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The day on the wire
00:0006:0012:0018:0024:00
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The reading through the day
- 00:00Neutral
Headlines (12)
First seen on November 11
- New Zealand Dollar strengthens despite decreasing RBNZ rate hike oddsFXStreet
- New Zealand Dollar takes a hit as Fed hawks regain controlFXStreet
Carried over from earlier days
- NZD/USD firms in Asia as traders await result of tight New Zealand electionflash.jin10.com
- Market Quick Take - Asian chipmakers rebound and Brent holds below USD 100 - 9 November 2026home.saxo
- NZD: Election outcome supports RBNZ stance – BBHFXStreet
- RBNZ chief economist Conway says inflation still too high, further rate hikes neededwallstreetcn.com
- RBNZ says sustained NZ dollar depreciation has fuelled inflationwallstreetcn.com
- RBNZ Chief Economist Says Inflation Expectations Are Concerningflash.jin10.com
- New Zealand Dollar steadies as Iran talks fails to lift NZD/USDFXStreet
- NZD/USD Price Forecast: Eyes break above 0.5640-0.5645 confluence ahead of US CPIFXStreet
- Pound, Swiss franc, Aussie, Norwegian krone, Brazilian real fall at least 0.7%wallstreetcn.com
- New Zealand Dollar gives back nearly half its election gain on US CPIFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, November 11 | ||
| Bank Holiday | USD | |
| Visitor Arrivals m/m | NZD | |
| Thursday, November 12 | ||
| Unemployment Claims | 194K | USD |
| FOMC Member Hammack Speaks | USD | |
| Existing Home Sales | 3.89M | USD |
| FOMC Member Barr Speaks | USD | |
| Mortgage Delinquencies | USD | |
| FOMC Member Goolsbee Speaks | USD | |