Commodity gains offset NZD lift.
The CBA NZ Commodity Price Indices rose in all denominations last week, as a 0.7% lift in the NZD was more than offset by gains in the underlying commodity prices.
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Report Prepared by:
Chris Tennent-Brown
CBA NZ Economist
Phone: +64 9 374 8819
Fax: +64 9 302 0992