New Zealand data - ANZ's commodity price index -2.2% m/m (prior -0.4%)

ANZ Commodity Price index for July 2022.

This is ANZ's indicator of price trends for New Zealand's 17 main commodity exports.

Down 2.2% on the month

• June was down 0.4%

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NZD/USD is dribbling lower after the disappointing jobs data earlier (ps the wages data was much better though):

• New Zealand Q2 unemployment rate 3.3% (vs. expected 3.1%)