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28 Aug 2013
NZD/USD ignores Fonterra positive news
FXstreet.com (Barcelona) - NZD/USD, which continues to be weighed by turbulent times in emerging countries coupled with geopolitical tensions in the Middle East, has barely reacted to the news from New Zealand Ministry for Primary Industries, who crossed the wires sayinh "tests carried out on products containing suspect whey protein from Fonterra had cloristidium sporogenes which can not contain botulism..." Earlier August, Fonterra (world's largest dairy exporter) had to recall milk products which had been found contaminated, with whey protein and milk-based powder sourced from Fonterra banned from entering China, Russia, Thailand and other countries. NZD/USD is walking a thin line support by 0.7760 at present, following a 0.7750 low for the session, printed earlier in Tokyo.