Flash: Dairy scandal may hinder NZD recovery potential - Rabobank

FXstreet.com (Barcelona) - The potential that New Zealand's largest exporter - Fonterra - may lose its largest trading partner - China - should, according to Jane Foley, Senior Currency Strategist at Rabobank, "at least hinder recovery potential for the NZD until further information about the duration of the export bans on NZ diary exports become clear." Foley thinks that at worst, "there is the possibility of a more lasting impact on the diary industry which would force to revise lower our medium-term NZD forecasts."