Kiwi jumps on the dairy data - Forex News by FX Leaders

Kiwi jumps on the dairy data

Posted Tuesday, May 17, 2016 by
Skerdian Meta • 1 min read

The global dairy prices data was released a while ago and it showed a 2.6% increase in the last two weeks. New Zealand is heavily dependent on the dairy exports, so that was good news and NZD jumped about 40 pips after the release. 

The GDT price increase sent the NZD 40 pips higher

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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