90 seconds @ 9am: Dairy prices hold

Fonterra dairy auction prices fall just -0.2% in NZ dollars. SMP and cheese still down but WMP and butter up. US CPI rises +2% as expected. US house building and permits rise strongly, up +16%. China banks look for capital. UST 10y 2.40%, oil and gold fall, Huge US and China grain crops. NZ$1 = 84.3 USc, 90.6 AUc TWI = 79.2