According to traders, Reserve Bank of New Zealand Governor Anna Breman said that the short-term inflation level may be higher than expected in the bank's September monetary policy statement. Affected by this statement, hedge funds cut short positions, and the New Zealand dollar rose against the US dollar on Tuesday. NZD/USD rose 0.55 to 0.5745.

According to traders, Reserve Bank of New Zealand Governor Anna Breman said that the short-term inflation level may be higher than expected in the bank's September monetary policy statement. Affected by this statement, hedge funds cut short positions, and the New Zealand dollar rose against the US dollar on Tuesday. NZD/USD rose 0.55 to 0.5745.