NZD traders - heads up for the GDT dairy auction coming up Tuesday

Author: Eamonn Sheridan | Category: News

NZD is holding above its US afternoon surge above 0.6550, being assisted by wider USD weakness.

Coming up Tuesday from noon London time, the dairy auction.

Recently:

NZD is holding above its US afternoon surge above 0.6550, being assisted by wider USD weakness.
Westpac expect another fall in price - whole milk powder down modestly
  • New Zealand spring and the seasonal increase in production approaches
  • Over coming months, we expect global dairy prices to drift lower as New Zealand production continues its seasonal rise and as the global recession weighs down dairy demand.


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