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The price of dairy products increased by 6.6% after it remained unchanged at the previous auction. It is worth emphasizing the latter increase was the most significant since the beginning of October 2015.
Dairy products make up a significant proportion of New Zealand's exports, so the dynamics of their prices has a direct impact on the New Zealand dollar. After the announcement of the results of the auction a NZD / USD rose to 0.7231.
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