ANZ's indicator tracks the movement in the prices received for New Zealand's main export categories

-0.8% m/m in July

  • International prices remain 21% higher than July last year
  • Eight of the sub-components rose
  • Six fell
  • Three unchanged

The strong NZD/USD weighed further with local returns down 2.1% m/m,

  • still 18% higher than 12 months' prior

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NZD has been on the slide today: