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5 Feb 2016

ANZ downgrades 2015-16 Fonterra milk payout forecast to NZD 3.95/kg

ANZ has cut 2015-16 Fonterra milk payout forecast to NZD 3.95/kg. NZD/USD is last trading at 0.6717, 25 pips off today's highs, with the latest miss in Australian Dec retail sales having weighed on the Kiwi too.
Feb 5, 2016

AUD/NZD bid in aftermath of data and China open

AUD/NZD is a mixed bag although the bulls have been rescued in today's session with an optimistic RBA. The cross rallied eventually after an initial spike lower to 1.0671, and the high has been 1.0723 so far as we get through the Yuan fix and Chinese stock markets opening.
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