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Kiwi falls despite positive manufacturing index

  • New Zealand's manufacturing sector rose from the previous month and continued to revel in the expansionary zone last month, according to an industry gauge.

  • The Business NZ-BNZ Performance of Manufacturing Index (PMI) rose from the 54.7 in November to 56.7 in December.

  • New orders and employment rose to their highest levels since June in September, according to the index.

  • Global dairy prices as measured by the Fonterra Global Dairy Trade (GDT) Price Index fell at the latest auction on Tuesday.

  • Pair is currently trading at $0.6433 levels, made intraday high at $0.6476 and low at $0.6428 levels. 

 

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