Scoop has an Ethical Paywall
HiFX Morning Update - March 31 2017
The NZDUSD opens at 0.7002 (mid-rate) this morning.
The Kiwi struggled overnight - only gaining against the
EUR, and was down against the other major currencies. The
NZD/USD continues to be range bound, trading 0.6990 –
0.7060 all week
U.S. GDP increased at an annual rate of 2.1% in Q4 of 2016 according to the "third" estimate released by the Bureau of Economic Analysis. The market consensus was for 2.0%. Consumer spending, the biggest part of the economy, rose at a 3.5% rate, revised from 3%.
U.S. unemployment benefits declined last week by less than forecast, while remaining at levels consistent with a solid labor market. U.S. Jobless claims decreased by 3,000 to 258,000 (forecast was 247,000) in the week ended March 25
Tonight’s data releases include German Retail Sales and unemployment, UK Current Account, UK & CAD GDP, U.S. University of Michigan Consumer Sentiment, Chicago PMI, and U.S. Personal Income and Spending.
Global equity markets are mixed: Dow +0.33%, S&P +0.33%, FTSE -0.06%, DAX +0.44%, CAC +0.41%, Nikkei -0.80%, Shanghai -0.96%.
Gold price is down 0.5% or $6 currently trading at $1,246 an ounce, WTI Crude Oil is currently up 2.1% trading at $50.37a 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
