Scoop has an Ethical Paywall
HiFX Morning Update, January 24 2017
HiFX Morning Update, January 24 2017
NZDUSD 0.7212 0.7%
NZDEUR
0.6718 0.3%
NZDGBP 0.5775 -0.3%
NZDJPY 81.61 -0.3%
NZDAUD 0.9542 0.6%
NZDCAD 0.9569 0.2%
The NZDUSD opens at 0.7212 (mid-rate) this morning.
Broad USD weakness has pushed the NZDUSD rate back above 0.7200 overnight. Ongoing concerns over Donald Trump’s economic programme has seen the USD give up ground against most of the G10 currencies.
Overnight global equity markets turned negative amid concerns about Donald Trump’s protectionist policies. In his first official day in office President Trump signalled his intention to withdraw from the Trans-Pacific Partnership and renegotiate NAFTA. Trump promised corporate executives he intends to cut taxes and regulations in an effort to re-establish manufacturing in the US, while at the same time he also warned executives they would face a "major border tax" if they move production overseas.
The negative impact of Trump’s proposed policies for China has seen the NZDAUD cross rate trade back up to the top of its recent trading range.
Global equity markets are broadly lower - Dow -0.31%, S&P 500 -0.55%, FTSE -0.68%, DAX -0.73%, CAC -0.60%, Nikkei -1.29%, Shanghai +0.44%.
Gold prices have edged higher overnight currently up 0.5% at $1,215 an ounce, WTI Crude Oil is currently trading down 1% at $52.70 a barrel.
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
