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Debt concerns major focus.
Key highlights
The NZD/USD contines to surge following USD weakness and debt concerns. The NZD looks well supported.
Dairy prices have been easing. However, no need to panic yet. Prices undertook a similar easing trend in 2010 and current prices remain 15% higher than the same time last year.
NZ beef prices have fallen and could ease further in the short term following changes in the US market and the high NZD/USD.
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