NZ dollar little changed, may gain on dairy auction expected to record stronger prices

Tue, 06 Sep 2016

By Jonathan Underhill Sept. 6 (BusinessDesk) - The New Zealand dollar was little changed and may gain after tonight's GlobalDairyTrade auction, which the futures market is indicating will mark the fourth straight gain in the price of whole milk powder. The kiwi traded at 73.16 US cents as at 5pm in Wellington, from 73.35 US cents late yesterday. The trade-weighted index was at 77.77, down from as high as 78.06 late yesterday, the highest since May last year. Prices are expected to rise tonight for skim milk powder, butter, anhydrous mi...

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