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Forex Flash: ANZ Commodity Price Index has strongest pint in 1.5 years - ANZ

By FXstreet.com,  October 01, 2012, 08:54:00 PM EDT

FXstreet.com (Barcelona) - The ANZ Commodity Price Index printed a 3.5% rise in September, strongest monthly gain in 1.5 years, ANZ Economist Steve Edwards says in a note. Skim milk powder and aluminum, both up 11% in the month, together with butter and whole milk powder, which rose 8%, were the main drivers. The high NZD, however, continued to damp potential returns to New Zealand exporters, says Edwards. Meat prices in NZD terms remain at a 2 year low, with seafood and forestry at 31 and 35 month lows, respectively.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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