# Why It's Time To Sell Kiwi? : INV - Forexsites

> NZD/USD has been in a bullish trend for more than 1.5 months and is near the top of its yearly range. Recent New Zealand GDP came in weaker than expected, and the Global Dairy Auction prices fell 0.8% in the prior week after seven weeks of gains.

- Date: 2017-06-27 · published 2017-06-27T12:00:00.000Z
- Category: macro · region New Zealand · magnitude low
- Page: https://feedsoft.ai/events/10594-why-it-s-time-to-sell-kiwi-inv-forexsites
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Dairy auction prices feed into New Zealand's currency and export income, so a further fall in auction prices could weigh on the kiwi dollar. Direct impact on feed commodities is limited.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2026-08-31 | [Kiwi braces for RBNZ decision, Aussie tries to steady after setback - Markets - Business Recorder](https://feedsoft.ai/events/18150-kiwi-braces-for-rbnz-decision-aussie-tries-to-steady-after-setback-markets.md) | -2.9% | -3.3% |
| MILK | 2023-01-05 | [Dairy outlook 2023: stand by for volatility to continue \| BusinessDesk](https://feedsoft.ai/events/5547-dairy-outlook-2023-stand-by-for-volatility-to-continue-businessdesk.md) | -4.4% | -12.5% |
| MILK | 2023-03-01 | [The economic state of U.S. dairy: 2023 will differ from 2022 \| Ag Proud](https://feedsoft.ai/events/36862-the-economic-state-of-u-s-dairy-2023-will-differ-from-2022-ag-proud.md) | -0.8% | +1.1% |
| MILK | 2022-02-15 | [Inflation, interest rates, labor and logistics will marginalize higher milk prices](https://feedsoft.ai/events/42864-inflation-interest-rates-labor-and-logistics-will-marginalize-higher-milk-prices.md) | +0.3% | +7.4% |
| MILK | 2023-12-06 | [Doud, Economists Explore Dairy’s Future - NMPF](https://feedsoft.ai/events/32871-doud-economists-explore-dairy-s-future-nmpf.md) | -0.9% | -6.5% |

## Sources

- forexsites.com: https://www.forexsites.com/why-its-time-to-sell-kiwi-inv/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.