NZ dollar little changed ahead of dairy auction, amid flat expectations for prices

Tue, 20 Oct 2015

By Paul McBeth Oct. 20 (BusinessDesk) - The New Zealand dollar was little changed in local trading ahead of the GlobalDairyTrade auction, which is expected to show the rebound in dairy prices has run out of steam for now. The kiwi traded at 68.05 US cents at 5pm in Wellington from 67.98 cents at 8am and 67.97 cents yesterday. The trade-weighted index increased to 72.95 from 72.72 yesterday. Fonterra Cooperative Group's GDT auction will be held in the US on Tuesday, with milk price futures predicting little movement in dairy prices afte...

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