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FxWirePro: EUR/AUD recovers but bearish outlook persists

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

Tuesday, May 19, 2015 3:21 PM UTC

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

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