Kiwi falls despite positive manufacturing index
Thursday, January 21, 2016 4:22 AM UTC
- 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.