The GDT price index up 2.8% at the auction

Average price $2986

The GDT price index for the this recent auction rose 2.8% to $2986. The rise is the 3rd increase in a row.

The NZDUSD has moved back above its 100 day MA at 0.66684 after the report (see earlier post on the technical picture). A topside trend line on the hourly chart comes in at 0.6680. The high just ticked up to 0.66737.