NZD/USD falls below 0.5900 as NZ inflation disappoints and Fed uncertainty persists

- **NZ inflation data**:

- Headline CPI rose to **1.8%** in Q3, lower than expected.
- Yearly rate slowed to **5.6%** from 6%, missing forecasts.
- Investors reduce bets for RBNZ rate hike in November.

- **USD dynamics**:

- USD remains weak as Fed officials signal no rate hike in November.
- US consumer inflation data keeps the door open for one more rate hike by year-end.
- US Treasury bond yields support USD and pressure NZD/USD.

- **Market outlook**:

- NZD/USD needs to break below 0.5900 to confirm bearish bias.
- US Retail Sales and Industrial Production data might provide some direction.
- Risk sentiment and US bond yields also in focus.
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