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NZD/USD sets new session low on more weak milk prices

Fonterra results see GDT PI -2.2% & WMP -0.5%, lower volumes sold NZD/USD heavy into milk auction, stays heavy & sets new session low USD & US Treasury yield gains push further Some bids into May 13 low, more into 0.7300…

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  • Fonterra results see GDT PI -2.2% & WMP -0.5%, lower volumes sold

  • NZD/USD heavy into milk auction, stays heavy & sets new session low  

  • USD & US Treasury yield gains push further

  • Some bids into May 13 low, more into 0.7300 & daily lows near 0.7270/75

  • Beyond that the 2015 low is targeted

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