The Global Dairy Trade (GDT) auction is tonight, it begins at 1200GMT and results should start to trickle out in the hours after
The previous two auctions have seen prices fall, weighing on the NZD in the aftermath
Westpac says that global supply remains elevated so markets will be expecting another price fall
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Note also, very soon we will get a speech from Reserve Bank of New Zealand Deputy Governor Grant Spencer. He'll talk about housing at the Rotorua Chamber of Commerce. Text of the speech will be published to coincide with the start of the speech. Due at 12.30pm NZ time (0030GMT)
