NZD sets fresh high

Key highlights   The NZD eased slightly over the week ended 3rd June, which created a small lift in the ASB Commodity Price Index in NZD terms. However, in SDR and USD terms the indices were down, as a small lift in dairy prices was offset by a dip in the meat and forestry sub-indices.         Report prepared by: Chris Tennent-Brown Economist Phone: +64 9 374 8819 Fax: +64 9 302 0992