• NZD dull in 0.7623/0.7660 range in subdued Asian session, sits 0.7635/38
  
  
• Weaker than forecast Feb trade surplus/stronger than forecast yearly deficit triggered early offers
  
  
• Offshore low of 0.7613 stayed in place with sell-off limited to 0.7623
  
  
• Fonterra shareholders fund dropped 7.2% on disappointing half year result