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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InThe NZD/USD pair has entered a consolidation phase as markets balance a hawkish RBNZ outlook against cautious global risk sentiment. This follows data showing New Zealand's Consumer Price Index (CPI) rose 0.9% in the March quarter, bringing annual inflation to 3.1% and exceeding forecasts. Regional attention has also shifted to Australia, where odds for a May rate hike by the RBA climbed to 77% toward month-end. Driven by institutional flows, the AUD/USD pair held firm above the 0.7134 level amid this shifting interest rate landscape. Investors are now shifting focus toward the Kevin Warsh hearing for broader market cues as USD/JPY consolidates near the 159.00 level.