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New Zealand data mixed – TDS

FXStreet (Barcelona) - Analysts at TD Securities reminded of this week’s data from New Zealand.

Key Quotes:

“New Zealand's Aug Trade Deficit was a narrower than expected -$NZ0.5bn (TD -$NZ950m, mkt -$NZ1.125bn) with imports lower than expected”.

“Fonterra reduced its forecast Farmgate Milk Price for the 2014/15 season from $NZ6/kg to $NZ5.30/kg, but lifted/widened the estimated dividend range from 20-25c to 25-35c making the forecast total price $NZ5.60/kg”.

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