The NZ Q3 Producers Price Index (PPI) for has just been released.

The PPI came in better than expected.

NZ PPI Q3 (compared with Q2):

PPI Inputs +1.0% Consensus +0.2%
PPI Outputs +0.9% Consensus +0.4%

The NZD is marginally higher in immediate response.

Fonterra’s Global Dairy Trade auction takes place overnight.

Current indicative levels are:

NZDUSD 0.6390 / 0.6415
NZDAUD 0.9385 / 0.9410
NZDEUR 0.57765 / 0.5790
NZDGBP 0.4925 / 0.4950
NZDJPY 69.40 / 69.65

ends

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