Monitor NZ ANZ Commodity Prices m/m to gauge shifts in trade dynamics and economic health, despite its subtle impact.
Typically has a limited effect as the closely-linked Australian commodity prices are generally published a few days prior;
What it Measures
Variation in the global prices of exported commodities;
Usual Effect
'Actual' figures that exceed 'Forecast' are positive for the currency;
Source & Frequency
ANZ (latest release) - https://www.anz.com.au/ • Released on a monthly basis, approximately three days after the end of the month;
How Data is Derived
The average price of the nation's main commodity exports are sampled on the global market and then compared to the previous sampling
Also Known As
Commodity Price Index
Acronym
Australia and New Zealand Banking Group (ANZ)