fxstreet.com 03 Feb, 2021 04:00 am

2020-21 milk forecast raised to NZD7.40/kg ms – BNZ

2020-21 milk forecast raised to NZD7.40/kg ms – BNZ
The Bank of New Zealand (BNZ) has increased its milk forecast for 2020-21 to NZD7.40/kg milk solids (ms) vs. the previous NZD7/kg ms, per Bloomberg. T

p p p h2 The upward revision to the milk forecasts by BNZ is likely to provide extra legs to the kiwi, which is benefitting from the upside surprise in the NZ jobless rate, upbeat Chinese Caixin Services PMI and US stimulus-led risk-on mood.p NZD/USD Price Analysis: Extends NZ employment-led gains after China Caixin Services PMI Information on these pages contains forward-looking statements that involve risks and uncertainties.76 post-RBA Lowe, China's Services PMI AUD/USD clings to gains above 0.7600 after the RBA Governor Lowe's comments and upbeat Chinese Caixin Services PMI data.

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