Kiwi rebounds from three-week trough after RBNZ policy decisions

The New Zealand dollar rose over one percent in Asian trade off January 22 lows for another session against its US counterpart, following policy decisions by the Reserve Bank of New Zealand and ahead of US data. 

As of 02:46 GMT, NZD/USD rose 1.63% to 0.6846, with an intraday high at 0.6847, and a low at 0.6727. 

The RBNZ voted to hold rates unchanged at 1.75% at the February 13 meeting for the 16th meeting in a row as expected by market analysts. 

The bank is nonetheless optimistic about the future of employment and inflation, which was priced by the markets as dismissing chances of a rate cut in the next months. 

Now investors await US data on inflation, with consumer prices expected up 0.1%, compared to a 0.1% dip in December, while core prices are estimated with a 0.2% increase, same as December.