GDT auction today in London time, we can expect results from around 1400GMT
Dairy prices are a factor for the New Zealand dollar, higher prices should be a positive inout for the NZD.
Recent outcomes:
Expected:
- Futures are pointing to a price fall
- Lower by around 2 to 3% according to futures pricing ahead of the auction
And, a point to note - futures pricing have been very hit and miss for expectations on the result of the auctions for the past .... many months indeed.
