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NZD/USD limited reaction to weak milk auction

NZD lifts despite weak milk auction, Fonterra GDT PI -1.3% to $2,409 WMP falls only 0.1% to $2,327 and the market is short NZD 0.7000 tested but holds for now, pair still consolidating recent losses Suggests long-term be…

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  • NZD lifts despite weak milk auction, Fonterra GDT PI -1.3% to $2,409

  • WMP falls only 0.1% to $2,327 and the market is short NZD

  • 0.7000 tested but holds for now, pair still consolidating recent losses

  • Suggests long-term bear trend should resume soon, Fed now the focus

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