Eamonn had a preview here earlier so this is just a heads up as the GDT auction gets underway shortly at the top of the hour

Final price is expected around 14.00 GMT and we'll also get an update from Fonterra, the world's largest exporter of dairy products, on their milk price forecast.

Last auction on 15 July saw a fall of 10.7% to continue its weaker trend this year

NZDUSD currently 0.6608 having chewed its way higher to post 0.6618 from 0.6560 early doors with AUDNZD flows having their say