GlobalDairyTrade (GDT) auction is on today (16 June 2015), from 1200GMT
Its been pretty much one-way traffic for dairy prices for months now Which way? ... check this out:
Declining dairy prices were a significant factor in last week's Reserve Bank of New Zealand rate cut decision (here and more here), so the results of today's auction will once again be a focus.
NZD is still wobbly after last week's RBNZ rate cut ... the 'gap' hasn't even looked like being filled as yet ... maybe soon? (comments welcome)
You can keep track of the NZD on our live FX charts!
