Yes folks, doesn’t time fly when you’re having fun
Last week saw the following result from the milk auction
- CDT price -1.1% vs -3.1% prior
- Avg price $2513
- Whole milk powder -7.1%
with NZDUSD dropping to 0.7790 initially from 0.7830
Expectations are for another round of lower prices from today’s auction. All helping to cap NZDUSD into 0.7700 after the rally from 0.7607
Currently 0.7670
Update:
I thought it had come around quick. Reuters ran the story with today as the auction date but the CDT site has it as the regular fortnightly date next week 16th, so we’ll take that as the truth. But keep it in mind anyhow
