Scoop has an Ethical Paywall
HiFX Morning Update, October 18 2016
HiFX Morning Update, October 18 2016
NZDUSD 0.7131 0.3%
NZDEUR
0.6482 0.1%
NZDGBP 0.5848 -0.1%
NZDJPY 74.05 -0.1%
NZDAUD 0.935 0.3%
NZDCAD 0.936 0.3%
The NZDUSD opens at 0.7131 (mid-rate) this morning.
.The NZD has edged higher overnight boosted by expectations that tonight’s Global Dairy Trade auction will break its two consecutive decline streak and show an increase from the previous auction of between 5% and 10%.
This morning Statistics New Zealand will release its third quarter inflation data with economists expecting to see a flat result after its 0.4% rise in the second quarter. This result will put further pressure on the Reserve bank to cut interest rates in an effort to bring inflation back into its 1%-3% target range. The market is currently pricing in a 84% chance that the RBNZ will cut the OCR by 0.25% at its November 10th meeting.
Overnight Euro-zone inflation printed in line with expectations in September, with the report showing inflation rising to 0.4% up from 0.2% in August. This is its highest level since October 2014.
Global equity markets are broadly lower - Dow -0.32%, S&P 500 -0.28%, FTSE -0.94%, DAX -0.73%, CAC -0.46%, Nikkei +0.26%, Shanghai -0.74%.
Gold prices are up 0.5% currently trading at $1,256 an ounce, WTI Crude Oil is trading back below $50 a barrel currently down 1.2% at $49.74.
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
Business Canterbury: Urges Council To Cut Costs, Not Ambition For City
Wellington Airport: On Track For Net Zero Emissions By 2028
Landcare Research: ANZAC Gall Fly Release Promises Natural Solution To Weed Threat
NZ Anti-Vivisection Society: Auckland Rat Lovers Unite!
University of Canterbury: $1.35 Million Grant To Study Lion-like Jumping Spiders
Federated Farmers: Government Ends War On Farming
