I agree SKID that our economy is quite small that one bad news can knock Kiwi hard just like the mad cow scare a few years back that knock 100 pts off just like that. But based on outlook soft commodities looks rosier than hard commodities so NZ will have an upward bias with Dairy prices going up. Although another Fonterra scare can just derail everything. But looking at the chart we might see NZDAUD scale new highs in the near term.
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