Scoop has an Ethical Paywall
HiFX Morning Update, October 17 2016
HiFX Morning Update, October 17 2016
NZDUSD 0.7108 0.2%
NZDEUR
0.6478 0.9%
NZDGBP 0.5851 1.0%
NZDJPY 74.10 0.8%
NZDAUD 0.9321 -0.5%
NZDCAD 0.9331 -0.4%
The NZDUSD opens at 0.7108 (mid-rate) this morning.
Friday’s US economic data releases delivered mixed results for the USD with retail sales and PPI pushing the USD higher against all its major rivals before a weaker than expected consumer sentiment data release turned the tide.
Retail sales advanced 0.6% in September up from a revised 0.2% decline in August while the producer-price index increased 0.3% in September after a flat result in August, helping boost the USD before an unexpected decline in consumer sentiment reversed the move. The University of Michigan consumer sentiment index which had been expected to edge up to 92 in October from 91.2 in September plummeted to 87.9.
The week ahead is stacked full of economic data releases with tomorrows quarterly CPI and Tuesday night’s Global dairy trade auction the domestic highlights.
Global equity markets finished the week broadly higher - Dow +0.22%, S&P 500 +0.22%, FTSE +0.51%, DAX +1.60%, CAC +1.49%, Nikkei +0.49%, Shanghai +0.08%.
Gold prices were little changed on Friday closing out the week at $1,250 an ounce, WTI Crude Oil managed to close out the week above $50 a barrel closing on Friday at $50.35
ends
HiFX
International Payments Expertly Done
HiFX is one of the largest foreign exchange and international payment specialists in the world, managing over $30 billion on behalf of over 100,000 clients worldwide every year.
Large enough to undertake the biggest transactions, yet small enough to care about each and every one – send and receive overseas payments and manage your account anytime, anywhere. HiFX gives you the flexibility you need to transfer money quickly and easily via a secure online platform 24 hours a day, seven days a week - making moving money as easy as 1,2,3.
HiFX Ltd ABN 54 106 779 953/ AFSL No 240914
John Mazenier: Gaffer Tape And Glue Delivering New Zealand’s Mission Critical Services
Earthquake Commission: Ivan Skinner Award Winner Inspired By Real-life Earthquake Experience
Reserve Bank: Consultation Opens On A Digital Currency For New Zealand
NIWA: Ship Anchors May Cause Extensive And Long-lasting Damage To The Seafloor, According To New Research
New Zealand Customs Service: A Step Forward For Simpler Trade Between New Zealand And Singapore
Horizon Research: 68% Say Make Banks Offer Fraud Protection
