What tonight's dairy auction means for the currency - and for interest rates
How currency investors respond to the overnight Fonterra GlobalDairy online auction will tell New Zealanders a lot about where the dollar, and interest rates, are going – and how the Reserve Bank should respond to them.
The last three auctions have seen prices falls, with the average price
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Rob Hosking
Tue, 02 Aug 2011
Tue, 02 Aug 2011
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What tonight's dairy auction means for the currency - and for interest rates
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