NZD offsets lift in global dairy prices

Key highlights The ASB NZ commodity price index fell 1% in NZD terms over the week to the 13th of January. While commodity prices increased in USD terms, this gain was offset by a 1.7% surge in the NZD/USD.       Report prepared by: Jane Turner ASB Economist Phone: +64 9 301 5660 Fax: +64 9 302 0992