OctaFX | OctaFX Forex Broker
main_menu_masthead_awards
Konto eröffnen Anmelden
de
    OctaFX | OctaFX Forex Broker
    Anmelden
      Konto eröffnen
      Back

      NZD/USD supported on Fonterra's announcements - Westpac

      FXStreet (Guatemala) - Analysts at Westpac Banking Corporation noted that NZD/USD was under pressure in line with AUD in NY but bounced about 40 pips to 0.6280 as Fonterra announced an increase in its farm gate milk price forecast for the 2015/16 season to NZD4.60/kg of milk solids – up from their earlier estimate of NZD3.85.

      Key Quotes:

      "However they have also revised down their forecasts for milk production, which is now expected to be down by more than 5% on last season.

      Our NZ economists’ forecast for the 2015/16 milk price is NZD4.30, but with global dairy prices up nearly 50% from their recent lows, the risks to this clearly lie to the upside (we will formally review our forecast after next week's dairy auction). This is a key reason why we expect the RBNZ will decide to keep the OCR on hold at its October meeting before resuming cuts in December."

      AUD/USD: Bulls attempt a tepid recovery on 0.70 handle

      The AUD/USD pair poses a minor rebound from two-week lows at Tokyo open, with fresh liquidity flowing in as Japan re-opened after a 3-day break, helping the Aussie to extend the recovery on the 0.70 handle.
      Mehr darüber lesen Previous

      Fonterra raises milk-price forecasts after reporting large profit

      Some relief came for New Zealand's embattled dairy industry on Thursday after Fonterra revised its payout forecast for the current season, following the release of company results which showed a large rise in profits just days after announcing further job cuts.
      Mehr darüber lesen Next
      Start livechat