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ANZ Commodity Price Index: All about the NZ dollar
The ANZ World Commodity Price Index fell 0.5% in September, continuing the downward trend since April. But in local currency terms the index appreciated 3.3% as the NZD depreciated by 2.5% against the Trade Weighted Index. Figure 1. ANZ Commodity Price Index: chart Global shipping prices are dropping fast as global demand to move goods eases. However, the fall in prices seen across the main global freight paths is not yet being fully reflected in the cost of exporting goods from New Zealand. Here, exporters are still challenged by infrequent and less-reliable shipping services, but upwards pressure on pricing has ... (full story)