RBNZ on hold for now, NZD presses upward

Key highlights The ASB NZ Commodity Price Index decreased in all denominations last week, as a drop in dairy prices offset other gains. NZD/USD pressed even higher, setting fresh highs, and lifting 2.2% last week.       Report prepared by: Jane Turner ASB Economist Phone: +64 9 374 8185 Fax: +64 9 302 0992