New Zealand Dollar gathers strength above 0.5850 as CPI inflation data bolster RBNZ rate hike bets

Source Summary

The NZD/USD pair gains traction to around 0.5860 during the early European trading hours on Tuesday. Hotter New Zealand inflation data provide some support to the New Zealand Dollar (NZD) against the US Dollar (USD). The US ADP Employment report will be published later on Tuesday.