Commodities: NZD/USD Meets Resistance On Milk Payout Cut — Market Talk

21:44 GMT – NZD/USD has met some resistance after Fonterra cut its milk payout to farmers from $6.70 to $6.40, says BNZ. The bank says it cut its projected payout to $6.30 several weeks ago. Milk powder is New Zealand’s biggest export. ([email protected]; @JamesGlynnWSJ)

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