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NZD/USD Likely Under Fire As Milk Retreats -- Market Talk

5 Mar 2017 10:07 pm

2207 GMT [Dow Jones] NZD will be undermined by a 6-8% decrease in dairy prices and a firmer USD this week, says CBA. Dairy prices have peaked because good growing conditions in the key dairying regions has prompted a recovery in production. CBA expects NZD to keep trending lower this week and AUD/NZD to continue to increase. NZD now trades at US$0.7021.(james.glynn@wsj.com; Twitter @JamesGlynnWSJ)
 

(END) Dow Jones Newswires

March 05, 2017 17:07 ET (22:07 GMT)

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