Archived IMT (2009.08.04)

Kiwi soaring after stronger auction for NZ milk powder maker

fonterra auction. Fonterras Global Dairy Trade arm was due to test global markets for whole milkpowder at its scheduled August internet auction. NZDUSD eyes the 0.6785. NZDJPY broke the key triple top of 63.60 to hit 10-mnonth high at 64.24, targeting 0.6520. USDJPY struggles below 95.40s, with subsequent resistance at 95.80s and initial target at 94.80. http://twitpic.com/cs3dd