NZ dollar holds above 65 US cents; dairy auction prices mixed

Wed, 04 Dec 2019

The New Zealand dollar held its ground above 65 US cents with improved milk powder prices helping offset increasing global trade concerns. The kiwi was trading at 65.15 US cents at 8am, up from 65.06 cents at 5pm but down from the overnight high of 65.33 cents. The trade-weighted index was at 72.07 from 72.01. Milk powder prices edged higher at the latest Global Dairy Trade auction overnight, although weaker butter prices brought the overall index down 0.5 percent – its first decline since early September. Whole milk powder, already at...

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