Scoop has an Ethical Paywall
HiFX Morning Update - September 15 2017
HiFX Morning Update - September 15 2017
The NZDUSD opens at 0.7157 (mid-rate) this morning.
The U.S. dollar strengthened against all its major rivals after Federal Reserve Chairwoman Janet Yellen left the door wide open for a rate hike at next month’s monetary policy meeting. Yellen stated that “rate hikes will be evaluated at upcoming meetings” and that “waiting too long to raise rates would be unwise”. The Dollar Index (DXY) which had been under pressure following the sudden resignation of the US national security adviser Mike Flynn, is currently up 0.35%. Flynn’s resignation came after the Justice Department warned the White House that Flynn had misled them concerning his contacts with Russia, and that his close contact with the Russian ambassador left him vulnerable to blackmail.
Overnight UK CPI rose to 1.8% in January up from 1.6% in December. Although inflation now sits at its highest level since June 2014 the result fell short of economist’s estimates of a 1.9% reading. The weak GBP was the main contributor to the inflation increase pushing up fuel and food prices.
Political uncertainty in the Euro-zone has led to a sharp fall in Germany's economic sentiment index with the ZEW Indicator declining to 10.4 in February from 16.6 in January. Economists had expected the index to edge down to 15.
Overnight, tonight we have a multitude of US data releases including further testimony from Janet Yellen.
Global equity markets are mixed- Dow +0.14%, S&P 500 -0.02%, FTSE -0.14%, DAX -0.02%, CAC +0.16%, Nikkei -1.13%, Shanghai +0.03%.
Gold prices are unchanged trading at $1,224 an ounce, WTI Crude Oil has risen slightly currently up 0.7% trading at $52.78 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
