ANZ Commodity Price Index
A monthly index from ANZ bank tracking prices of New Zealand's main export commodities, watched by NZD…
In plain English
A monthly index from ANZ bank tracking prices of New Zealand's main export commodities, watched by NZD traders.
The ANZ Commodity Price Index tracks what New Zealand's key exports, such as dairy, meat, wood and fruit, are fetching on world markets.
New Zealand earns its living selling these goods, so rising prices mean more money flowing in and, often, a firmer New Zealand dollar. It is a supporting actor rather than a headline release, but it helps explain why the Kiwi moves.
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