Forex Flash: Upcoming dairy auction to support NZD - BNZ

FXstreet.com (San Francisco) - In the week ahead, fundamental Antipode risk events to keep an eye out for is Tuesday's ANZ Commodity Price Index and Wednesday's dairy auction, says Stephen Toplis, Head of Research at BNZ:

"In NZD terms we expect the ANZ index to be broadly unchanged on a month earlier," comments Mr. Toplis. "The world price of dairy commodities rose, as the impact of the US drought started to impact global returns, but, offsetting this, meat prices have been under pressure and the NZD found renewed strength. We are looking for the dairy auction to add to previous gains."