The global dairy trade price index rises 3.6% after the current auction

Author: Greg Michalowski | Category: News

1st rise in 4 auctions

The global dairy trade price index rose 3.6% in the current auction. The average price extended up to $3092. The gain was the 1st since the week of July 7 (4 straight declines).

1st rise in 4 auctions_
The NZDUSD is higher on the day, but off the highest levels. The high price for the day extended briefly above the September 4 high price at 0.67347. The high for the day reached 0.67356 before rotating back to the downside. There is trendline support near the 0.6702 level (see chart below).

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