The NZ economy is heavily dependent on dairy and the continued fall in milk-product prices will be unnerving NZD bulls. ANZ have put out a note this morning on the dairy-market volatility and you can read more in the FXWW chatroom.
I’ve got my bids primed at .8410 in NZD/USD and we may well see this level tested if there’s a poor jobs number in the next 1/2 hour.