NZD: Potential to be influenced by the latest GDT dairy auction - BNZ

Kymberly Martin, Senior Market Strategist at BNZ, suggests that the NZ data delivery was not a big driver of the NZD/USD yesterday.

Key Quotes

“The ANZ business survey was not materially changed from its previous reading. However, the NZD/USD has stepped steadily higher since yesterday morning, trading at 0.6760 at present. There is potential for it to be influenced by the latest GDT dairy auction that takes place in the early hours of tomorrow morning. We would be more surprised to see a big drop than a modest tick-up in average prices.”