Kiwi under pressure again as GDT auction sees prices tumble

  • whole milk powder prices fall 11.5% in GDT auction
  • Global dairy trade price falls 8.4%
  • global dairy trade average winning price 3025/MT

NZDUSD taking a tumble to 0.8465 on the news, currently finding some support to rally to 0.8473

Bids at 0.8450 but expect any rally to 0.8500 to be sold to fill the gaps.

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