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:

Expected:

• 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.