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Kiwi falls despite positive manufacturing index

New Zealand's manufacturing sector rose from the previous month and continued to revel in the expansionary zone last month, according to an industry gauge. The Business NZ-BNZ Performance of Manufacturing Index (PMI) ros…

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  • New Zealand's manufacturing sector rose from the previous month and continued to revel in the expansionary zone last month, according to an industry gauge.

  • The Business NZ-BNZ Performance of Manufacturing Index (PMI) rose from the 54.7 in November to 56.7 in December.

  • New orders and employment rose to their highest levels since June in September, according to the index.

  • Global dairy prices as measured by the Fonterra Global Dairy Trade (GDT) Price Index fell at the latest auction on Tuesday.

  • Pair is currently trading at $0.6433 levels, made intraday high at $0.6476 and low at $0.6428 levels. 

 

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