Kiwi is hammered down by Fonterra results

NZD/USD crashed to new lows (currently at 0.8519) on the back of Fonterra results Milky blow NZD/USD was nervous the whole morning, and not in vain as Fonterra announced revised farmer payout 2014 forecast to NZ$6/kg, which is worse than expected. NZ economy in general and kiwi in particular i…

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Kiwi is hammered down by Fonterra results

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