The big item of interest for New Zealand dollar traders was the dairy auction overnight:

  • New Zealand Fonterra dairy prices +14.8 vs -9.3% prior
  • Expect more of this sort of thing: ANZ raises forecast for Fonterra 2015/16 milk payout to NZ$3.75-$4

For today ....

Due at 2245GMT - Quarterly PPI figures, for Q2

  • PPI Input (measures the change in the price of goods and raw materials purchased by manufacturers): prior was -1.1%
  • PPI Output ( measures the change in the price of goods sold by manufacturers) prior was -0.9%

Unlikely to have too much impact on the currency