HiFX Morning Update, April 21 2017
The NZDUSD opens at 0.7013 (mid-rate) this morning.
The NZDUSD traded a 52 point range or 0.74% in the last 24 hours. The Kiwi rallied strongly after yesterday’s better than expected CPI but slipped back again in the US session to open modestly higher against most currencies.
Results from the April U.S. Manufacturing Business Outlook Survey suggest that regional manufacturing activity continued to expand, but at a slower pace than last month. The index for current manufacturing activity in the region decreased from a reading of 32.8 in March to 22.0 this month.
In the week ending April 15, the advance figure for U.S. seasonally adjusted initial claims was 244,000, an increase of 10,000 from the previous week's unrevised level of 234,000. The 4-week moving average was 243,000.
Data releases tonight include CAD CPI, US PMI and Existing Home Sales, FOMC Member Kashkari Speaks, and International Monetary Fund Meetings are held Saturday and Sunday.
European equity markets are higher: Dow +0.98%, S&P 500 +0.87%, FTSE +0.06%, DAX +0.09, CAC +1.48%, Nikkei -0.01%, Shanghai -+0.04%.
Gold prices are down 0.1%
currently trading at $1,281 an ounce .WTI Crude Oil is
currently down 0.7% trading at $49.90 a barrel.