New Zealand Sep. Commodity Price Index +1.3% m/m (prior -2.9%). First rise in 3 months.

<p>ANZ World Commodity Price Index recorded its first lift in three months in September </p><p>+1.3% m/m</p><ul><li>prior -2.9%</li></ul><p>In local
currency terms, +2.0% m/m with the NZD depreciating 0.1%
against its Trade Weighted Index</p><p>—</p><p>As part of their monthly report ANZ include commentary on Global shipping prices:</p><ul><li> were mixed during September. </li><li>The Baltic Dry
Index, which tends to be the most volatile of the shipping indices, lifted a
massive 57%, following the sharp lift in oil prices.</li><li> Meanwhile, the China
Containerised Index fell 5% and the Harper Peterson Global Index fell 9%.
</li><li>If oil prices remain strong then this will put upward pressure on freight
prices, but at the same time demand for shipping services is a little subdued
which is helping to keep prices in check.</li></ul><p>NZD/USD update:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.