Hello traders and wellcome to another idea!
Today we expect a New Zealand GlobalDairyTrade Price Index. The dairy industry is New Zealand's biggest export earner, accounting for more than 29% by value of the country's exports. In the past this news didn't cause any volatility in the markets. If the index will come out negative, we can expect this to have negative effect on NZD, pushing the price higher.
Thank you very much Good luck!
Today we expect a New Zealand GlobalDairyTrade Price Index. The dairy industry is New Zealand's biggest export earner, accounting for more than 29% by value of the country's exports. In the past this news didn't cause any volatility in the markets. If the index will come out negative, we can expect this to have negative effect on NZD, pushing the price higher.
Thank you very much Good luck!