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Dairy prices drop sharply again now down -40% since January. WMP down 11.5%, cheese down 10.2% Dairy payout under threat again. US service sector strong and US factory orders at record. China service sector stagnates. RBA keeps rates on hold at 2.5%. Stocks fall, UST 10yr at 2.51%. Oil falls, gold rises. NZ$1 = 84.7 USc, 91.0 AUc TWI = 79.4