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ANZ downgrades 2015-16 Fonterra milk payout forecast to NZD 3.95/kg

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    ANZ has cut 2015-16 Fonterra milk payout forecast to NZD 3.95/kg. NZD/USD is last trading at 0.6717, 25 pips off today's highs, with the latest miss in Australian Dec retail sales having weighed on the Kiwi too.
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