US data weaker
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Kia ora.
Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.
I'm David Chaston and this is the international edition from interest.co.nz.
Today we lead with news American economic data is notably weaker today.
There was a full dairy auction overnight where the overall prices rose +2.5% in USD terms, up +1.6% in NZD terms. This brought more strength for the powders with SMP up +3.4% and WMP up +4.4%. BMP was up +8.4%. But butter, cheddar and AMF all fell. The result is…
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