I had a question in the comments re weather developments in New Zealand, specifically on the El Niño effect
Its a complex topic, and Bloomberg have stepped up with a detailed look
I haven't read it through yet, but its here for when you've got time
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The El Niño effect can cause severe drought in Australia and New Zealand, which impacts on agricultural production and, in turn, exports.
Westpac, for example, yesterday argued its impact should be a negative for the NZD (and more here)
