Kiwi rises as Russia lifts ban on New Zealand diary

Source: WBP Online
© ScanPix/Reuters
The New Zealand Dollar jumped on Tuesday after Russian Federation partially lifted a ban and allowed 29 New Zealand dairy companies to sell their products to Russia. The NZD/USD pair rose 0.25% at $0.6587 by 07:13 AM GMT. The lift of the ban will give a huge relief to New Zealand dairy sector, which suffered a 70% decrease in global dairy prices over the last two years. 
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