NZ dollar range-bound; dairy auction provides support

Tue, 20 Aug 2019

By Rebecca Howard Aug. 21 (BusinessDesk) - The New Zealand dollar is range-bound ahead of a key meeting of central bankers later this week but found some support from better-than-expected dairy auction prices. The kiwi was trading at 64.18 US cents at 8am from 64.22 cents at 5pm in Wellington. The trade-weighted index was at 71.41 points from 71.52. Dairy prices slipped 0.2 percent in the overnight GDT auction versus an expected 1.0 percent fall. The 2.1 percent lift in whole milk powder price was “particularly positive for our dairy p...

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