Fundamentals: ANZ Commodity Price Index Up

The last economic release for this week hit the wires today, exhausting the current docket of fundamentals to be watched for indication of direction of interest rates in advance of RBNZ’s decision next week. The ANZ commodity index for June indicated that prices for seven of the thirteen commodities measured by the index increased, as the overall index registered a 7.2 percent increase compared to the previous year.

The economic calendar for next week contains data on four indicators that are likely to influence the RBNZ?s July rate decision - house prices (July 8), NZIER business opinion (July 10), retail sales (July 13), and most importantly, non-tradeables inflation (July 16).

[/B]No economic news is due within the next 24 hours.

[B]ANZ Commodity Price Index[/B] (JUN)
Actual: 6.1%
Previous: 2.6%

See Daily FX Weekly Calendar for more details: