• Fonterra CEO: the strong New Zealand dollar exchange rate hurts us

Market news

22 September 2016

Fonterra CEO: the strong New Zealand dollar exchange rate hurts us

Today, after the meeting of the Reserve Bank of New Zealand, the New Zealand tradid again around the monthly high. Later, the CEO of the largest in the world powdered milk company Fonterra, Theo Spirings said the strong New Zealand dollar exchange rate hurts the company. Recall that milk is one of the main exports of New Zealand and Fonterra's profits directly affect the economic component of the region. For this reason, many analysts warn about possible verbal intervention on the part of central banks and governments.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.