NZ Industry Ministry expects 9.5% decline in 2014-2015 primary exports

FXStreet (Bali) - New Zealand Industry Ministry is expecting now a 9.5% decline in 2014-2015 primary exports, led by lower dairy product sales.

Dec 10, 2014

Drop in NZ farm gate milk price equivalent to -2.7% of NZ GDP - Westpac

Dominick Stephens, Chief Economist at Westpac, notes that the drop from last season’s $8.40 NZ farm gate milk price to $4.70 is equivalent to a reduction of 2.7% of NZ GDP.

GBP/USD trades within well defined range

GBP/USD is trading at 1.5672, up 0.04% on the day, having posted a daily high at 1.5676 and low at 1.5662.