New Zealand: GDT price index rises 3.6%

FXStreet (Córdoba) - Global Dairy Trade reported its dairy price index rose 3.6% from its previous event on November 17th.

This is the first increase after three consecutive declines, being the last a drop of 7.9% two weeks ago.

The index has gained relevance lately given the fluctuations in dairy products and its impact in the New Zealand economy. However, today’s result had virtually no impact on the NZD which continues to trade around 0.6650.