New Zealand GDT price index -7.4%

<ul><li>New Zealand globaldairytrade price index -7.4%</li><li>Avg price at USD$2875</li><li>Whole milk powder -10.9%</li></ul><p>This is a terrible result and the index is at its lowest since November 2018. It doesn't weigh on NZD the way it used to but this is a headwind for terms of trade.</p>

This article was written by Adam Button at www.forexlive.com.