Playing the Kiwi-Milk Divergence

by Ashraf Laidi

May 8, 2014 12:58

The current divergence between falling dairy prices and rising NZ dollar cannot be ignored considering New Zealand is the world's biggest producer and exporter of dairy products. And since the Reserve Bank of New Zealand has begun threatening to intervene against the strong kiwi, the current divergence appears dificult to ignore. The chart below shows what happened when there was such a divergence. Chart & analysis

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