The New Zealand dollar (NZD) has pulled back against the US dollar (USD) following a surprise interest rate cut by the Reserve Bank of New Zealand (RBNZ). Traders are now turning their attention to upcoming US inflation data to determine the next direction for the currency pair. The RBNZ’s unexpected decision to lower interest rates has caused some uncertainty in the market, leading to a retreat in the NZD/USD exchange rate. With the focus now on US inflation numbers, traders are eagerly awaiting the release of this data to gauge the strength of the US economy and its impact on the currency pair. Stay tuned for more updates on how these developments may influence the NZD/USD exchange rate.