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Kiwi falls as Fonterra cuts forecasts

FXStreet (Bali) - Kiwi is sliding across the board, after Fonterra cut its whole milk powder forecast by 5,650 Mt and the 12-Month Gdt offer volumes by 875 Mt.

AUD/USD breaks 0.8060 support, en-route to 0.8030

The change in dynamics observed over last 24h continues to see the sell-side engaged in the Aussie, taking the rate from 0.8090 down to the mid 0.8060s, breaking a steep bullish trendline off My 12 in the process.
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South Korea BoK Interest Rate Decision remains unchanged at 1.75%

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