More on the NZD – CPI & GDT coming up, Bascand’s comments, RBNZ implications

CBA on the NZD for today and tonight:
– NZD/USD will be influenced by tonight’s Global Dairy Trade auction and today’s Q2 New Zealand inflation outcome.
– We expect New Zealand headline CPI inflation of just 0.1% q/q … weaker than the RBNZ’s 0.3% q/q forecast and consensus estimate of 0.2%
Bolding mine for emphasis – and