China Milk Demand Drop Has Morgan Stanley Bearish on Kiwi

New Zealand’s currency may drop to a more than two-year low, according to Morgan Stanley, as a 50 percent slide in milk powder fuels speculation the central bank will delay interest-rate increases. The slump in prices for New Zealand’s biggest export, along with benign inflation, will likely prev…

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China Milk Demand Drop Has Morgan Stanley Bearish on Kiwi

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