新西兰元：通胀回升的迹象——德国商业银行。德国商业银行外汇分析师Volkmar Baur指出，新西兰的价格再次上涨得更快。

NZD: Signs of a resurgence in inflation – Commerzbank.Prices are rising faster again in New Zealand, Commerzbank's FX analyst Volkmar Baur notes.

新西兰基准标准普尔/NZX 50指数周四上涨1.2%，收于12905点，连续第三个交易日上涨，达到2月20日以来的最高水平。在华尔街积极领先之后，股市出现反弹，在美国总统唐纳德·特朗普否认解雇美联储主席杰罗姆·鲍威尔的报道后，投资者情绪有所改善。此外，周三公布的美国PPI数据低于预期，支持了美联储今年降息的理由。在国内新闻中，新西兰6月份的年度食品通胀率从5月份的4.4%上升至4.6%，为2023年12月以来的最高水平。新西兰元50指数涨幅广泛，运营商奥克兰国际机场（+4.4%）、乳制品巨头a2 Milk（+4.8%）和医疗器械制造商斐雪派克（+2.1%）领涨。

New Zealand's benchmark S&P/NZX 50 index rose 1.2% to close at 12,905 on Thursday, extending its winning streak to a third session and reaching its highest level since February 20. The rally followed a positive lead from Wall Street, where investor sentiment improved after US President Donald Trump denied reports of dismissing Federal Reserve Chair Jerome Powell. Additionally, a softer-than-expected US PPI data on Wednesday supported the case for Fed rate cuts this year. In domestic news, New Zealand’s annual food inflation rose to 4.6% in June from 4.4% in May, marking the highest level since December 2023. Gains on the NZX 50 were broad-based, with operator Auckland Intl Airport (+4.4%), dairy giant a2 Milk (+4.8%), and medical device maker Fisher & Paykel (+2.1%) leading the charge.

周四，受美元反弹的压力，新西兰元跌至0.592美元左右，接近三周多来的最低水平。在唐纳德·特朗普总统否认有关他可能很快解雇美联储主席杰罗姆·鲍威尔的报道后，美元反弹，缓解了市场紧张局势。与此同时，投资者现在正在等待当天晚些时候公布的美国零售销售数据，这可能会进一步了解美国经济的健康状况和美联储的利率轨迹。在国内，新西兰储备银行本月早些时候暂停了降息周期，选择等待全面的通胀报告。然而，它表明，由于经济中的闲置产能，进一步的货币宽松政策仍有可能。经济新闻方面，新西兰6月份的年度食品通胀率从5月份的4.4%升至4.6%，为2023年12月以来的最高水平。

The New Zealand dollar fell to around $0.592 on Thursday, remaining near its lowest level in more than three weeks, pressured by a rebound in the US dollar. The greenback recovered after President Donald Trump denied the reports suggesting he was likely to fire Federal Reserve Chair Jerome Powell soon, easing market tensions. Meanwhile, investors now await the US retail sales data due later in the day, which could offer further insight into the health of the US economy and the Federal Reserve’s interest rate trajectory. Domestically, the Reserve Bank of New Zealand paused its rate-cutting cycle earlier this month, opting to wait for the full inflation report. However, it signaled that further monetary easing remains likely due to the amount of spare capacity in the economy. In economic news, New Zealand’s annual food inflation rose to 4.6% in June from 4.4% in May, marking the highest level since December 2023.

周四上午，新西兰元50指数上涨94点，涨幅0.7%，至12848点，延续了华尔街积极领先后的第二个交易日涨幅。在美国总统特朗普表示他没有罢免美联储主席鲍威尔的计划，缓解了人们对央行独立性的担忧后，市场情绪进一步增强。受运输、医疗保健和生产制造业强劲支撑，基准指数达到一周来的最高水平。然而，新的数据显示，新西兰6月份食品通胀率升至4.6%的1年半高点，标志着连续第八个月上涨，这限制了进一步的上涨。投资者在下周公布关键的国内数据之前也变得谨慎，包括第二季度的年度通胀和6月份的贸易平衡。T&G Global股价飙升7.3%，此前该公司报告称对潜在出售表现出强烈兴趣。其他显著上涨的是奥克兰国际机场（4.5%）、Ryman Healthcare（4.3%）和新西兰餐厅品牌（3.4%）。

The NZX 50 climbed 94 points or 0.7% to 12,848 on Thursday morning, extending gains for the second session following a positive lead from Wall Street. Sentiment strengthened further after U.S. President Trump said he had no plans to remove Fed Chair Powell, easing concerns about central bank independence. The benchmark index reached its highest level in a week, supported by strength in transport, healthcare, and producer manufacturing sectors. However, further upside was limited by fresh data showing New Zealand's food inflation rose to a 1-1/2-year high of 4.6% in June, marking an eighth consecutive monthly increase. Investors also turned cautious ahead of key domestic releases next week, including Q2 annual inflation and June’s trade balance. T&G Global surged 7.3% after reporting strong interest in a potential sale. Other notable gainers were Auckland Intl. Airport (4.5%), Ryman Healthcare (4.3%), and Restaurant Brands NZ (3.4%).