The ANZ World Commodity Price Index fell 1.3% m/m in November as prices eased for most of the food commodities that we export
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The ANZ World Commodity Price Index fell 1.3% m/m in November as prices eased for most of the food commodities that we export
Technically the Kiwi ain't looking good.
Locked in lower highs in the downward channel. Unless there is a reversal, to continue the downward channel trend suggests around 57c is on the radar.
Overnight auction ….. GDT Price Index up 1.6%
Won’t affect nzd
Despite the current upward move since late Oct, the NZDUSD seems to still be respecting the clear downward trendline (originating over 2 years ago).
Currently, a 2dc over 0.6230 is needed to demonstrate that a longer lasting low has been printed.