-
NZDUSD Traders Crying Over Spilt Milk, Could .6400 Be Next?
If I had told yesterday that China’s quarterly GDP would beat expectations, backed up by strong growth in Industrial Production and Retail Sales, you would logically expect NZDUSD to be trading higher. After all, China is New Zealand’s second-largest trading partner behind Australia, which is itself heavily dependent on growth in the world’s largest economy. Unfortunately, this simplified analysis ignores one critical factor: the price of milk. As regular readers know, dairy products make up fully one-third of NZ exports, and today’s Global Dairy Trade (GDT) auction showed that dairy prices fell a staggering ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jul 15, 2015 6:35pm Jul 15, 2015 6:35pm
- AnniLi
- | Commercial Member | Joined Jan 2015 | 2212 Comments
- Comment #2
- Quote
- Jul 16, 2015 12:51am Jul 16, 2015 12:51am
- FxAlTareeq
- | Commercial Member | Joined Apr 2015 | 37 Comments
- Comment #3
- Quote
- Jul 16, 2015 1:44am Jul 16, 2015 1:44am
- yakuzaking
- | Joined Jan 2011 | Status: Who let the dogs out (woof, woof | 28 Comments
- Comment #4
- Quote
- Jul 16, 2015 1:48am Jul 16, 2015 1:48am
- upasna
- | Joined May 2011 | Status: Member | 801 Comments
- Comment #5
- Quote
- Aug 7, 2015 12:28am Aug 7, 2015 12:28am
- AnniLi
- | Commercial Member | Joined Jan 2015 | 2212 Comments