Breaking News

New Zealand GlobalDairyTrade Price Index

Latest Release

Nov 05, 2024

Actual

4.8%

-0.3%

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 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%
Sep 04, 2024	01:00	-0.4%	5.5%
Aug 21, 2024	02:00	5.5%	0.5%

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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DXY was down bigly: The Aussie dollar dead cat bounced:Oil came off. Gold is moribund:Base metals were mixed:But miners (LON:GLEN) were hammered:Despite the EM stock (NYSE:EEM) bounce:And junk...

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