NZD is holding above its US afternoon surge above 0.6550, being assisted by wider USD weakness.
Coming up Tuesday from noon London time, the dairy auction.
Recently:
Westpac expect another fall in price - whole milk powder down modestly
- New Zealand spring and the seasonal increase in production approaches
- Over coming months, we expect global dairy prices to drift lower as New Zealand production continues its seasonal rise and as the global recession weighs down dairy demand.