2011 GMT [Dow Jones] The NZD/USD is likely to remain in an extremely
tight range despite the release of New Zealand's 2Q consumer price
index this morning, says ANZ in its morning brief. "While the slight
upside bias remains, getting back above 0.8000 will require an
elevated CPI release which is not expected." A Dow Jones Newswire poll
of 14 economists expects the CPI to be up 0.5% on the quarter and 1.1%
on the year. The NZD/USD is at 0.7977 vs 0.7957 late Monday. ANZ
expects the pair to trade in a short-term range of 0.7938-0.7998.
(lucy.craymer@wsj.com)
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com
(END) Dow Jones Newswires
July 16, 2012 16:11 ET (20:11 GMT)
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