• whole milk powder prices fall 11.5% in GDT auction
  • Global dairy trade price falls 8.4%
  • global dairy trade average winning price 3025/MT

NZDUSD taking a tumble to 0.8465 on the news, currently finding some support to rally to 0.8473

Bids at 0.8450 but expect any rally to 0.8500 to be sold to fill the gaps.