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.
- 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.