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Berita dagangan
3 Sep 2014
AUD/NZD taking advantage all the way
FXStreet (Guatemala) - AUD/NZD is trading at 1.1173 with a NZD that has bit hot on both sides of the globe.
Despite the drop in the Aussie, the NZD fell even harder, thanks to not just a stringer greenback and yields rising but another drop in dairy prices at the semi-monthly auction (whole milk powder falling -4.3% and skim milk powder -9.5%) as noted by analysts at Westpac Banking Corporation ABN. “The auction was worth about 35-40 pips off the kiwi, to its 0.8292 low, before it crept back to 0.8320. AUD/NZD spiked to 1.1180 on the NZ dairy price fall but then pulled back to 1.1160”.
Despite the drop in the Aussie, the NZD fell even harder, thanks to not just a stringer greenback and yields rising but another drop in dairy prices at the semi-monthly auction (whole milk powder falling -4.3% and skim milk powder -9.5%) as noted by analysts at Westpac Banking Corporation ABN. “The auction was worth about 35-40 pips off the kiwi, to its 0.8292 low, before it crept back to 0.8320. AUD/NZD spiked to 1.1180 on the NZ dairy price fall but then pulled back to 1.1160”.