Breaking News

New Zealand GlobalDairyTrade Price Index

Latest Release

Nov 19, 2024

Actual

1.9%

4.8%

Measures the weighted-average price of 9 dairy products sold at auction every 2 weeks. It is viewed as a leading indicator of New Zealand's trade balance because rising commodity prices boost export income. The dairy industry is New Zealand's biggest export earner, accounting for more than 29% by value of the country's exports.

Importance:

Country:

Currency: NZD

Source: GlobalDairyTrade (GDT)

Release Date	Time	Actual	Previous
Nov 21, 2024	23:00		4.8%
Nov 19, 2024	23:00	1.9%	4.8%
Nov 06, 2024	02:30	4.8%	-0.3%
Oct 16, 2024	01:00	-0.3%	1.2%
Oct 02, 2024	02:45	1.2%	0.8%
Sep 18, 2024	02:00	0.8%	-0.4%

Analysis

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It would probably be more accurate to say that the DXY rocket is taking a breather: CNY bounced:The rest writes itself. AUD, commodities and (NYSE:EEM) up: But credit (NYSE:HYG) is lagging,...

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