Eamonn had the heads-up here for NZD traders and this is a reminder that the auction is now underway
Last time out on Aug 5 it took around three hours for it to hit the wires and we saw NZDUSD tumble from 0.8510 to 0.8465 on the following outcome:
- 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
We’ll be keeping our eyes on the wires and bring the result to you soon as
NZDUSD currently 0.8457
