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NZ: Commodity Price Index fell 3.9% in June - ANZ
New Zealand’s ANZ World Commodity Price Index fell 3.9% m/m in June, to record its first decrease this year, notes the research team at ANZ.
Key Quotes
“Weaker dairy prices were the main culprit for the drop. The index has fallen 2.4% in the past year.”
“The fall in the index was exacerbated by the stronger New Zealand dollar resulting in the NZD Index down 4.5% m/m in June.”
Author
Sandeep Kanihama
FXStreet Contributor
Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.
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