OK, I know all you ladies and gentlemen are very busy yo-yo-ing the S&P (and, I’ve seen what you’ve done to the poor old NASDAQ too), but if I can have the attention of New Zealand dollar traders for just a moment, please.
The overnight Global Dairy Trade auction:
- Prices up 1.4% in US dollars
- The result in NZD was lower though, cause the kiwi went up (price in NZD -0.4%)
- This was the best price result (i.e. it went up!) for 17 auctions, since the January 21, 2014 auction (and the first price rise since June 17 2014 … see the graph, below)
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Thank you for your attention.
