NZD traders - heads up for the GDT dairy auction coming up Tuesday

This is likely to be only a minor event risk for the New Zealand dollar.

GlobalDairyTrade (GDT) auction begins at midday in London on Tuesday,

  • the results will come out in the hours following

Previous results:

This is likely to be only a minor event risk for the New Zealand dollar.

Expectations are for a small lift in the index at the auction. Commodity prices, on the whole, are moving higher, demand out of a recovering Chinese economy is a key driver.

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