Kiwi rebounds from three-week low after inflation data

New Zealand dollar rose in Asian trade off January 4 lows against its US counterpart, after snapping the longest losing streak since April yesterday, following earlier inflation data today. 

As of 02:36 GMT, NZD/USD rose 0.25% to 0.6768, with an intraday high at 0.6780, and a low at 0.6743. 

Earlier New Zealand data showed consumer prices rose 0.1% q/q in the fourth quarter of 2018, slowing down from 0.9% while besting estimates of no change, as prices rose 1.9% y/y, beating estimates of 1.8%. 

Now investors await US data on housing prices, expected with a 0.2% increase, down from 0.3% in October, while the Richmond manufacturing index is estimated at minus 6 from minus 8 in December.