New Zealand Q3 inflation cooled to 3.7%, falling slightly below forecasts. However, the miss remains insufficient to alter the RBNZ's hawkish stance, with markets firmly pricing an October 28 interest rate hike. The NZD/USD dipped briefly under 0.5700 as crude oil strength and Middle East supply risks sustain upside inflation pressure. Global equities and digital assets remain cautious amid elevated sovereign yields.