Heads up for NZD traders — Global Dairy Trade auction coming up during London time today

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:

  • 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. 

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