Tariff tantrum

By Michael McCarthy (chief market strategist, CMC Markets)

ANZ Commodity Price Index: NZD windfall

The ANZ Commodity Price Index dipped 0.3% m/m in October (+10% y/y).

ANZ Senior Economist Phil Borkin said, "The fall was largely attributable to the dairy group, where all components fell. All other major groups lifted although there were differences at the subcomponent level."