Scoop has an Ethical Paywall
Hifx Morning Update June 27 2017
Hifx Morning Update June 27 2017
The NZDUSD opens at
0.7287 (mid-rate) this morning.
Carrying on from
last week a lack of volatility (the VIX sits below 10) has
seen currency markets continue to trade tight ranges.
After setting a new record high in May yesterday’s German business confidence index unexpectedly rose to 115.1 in June. Economists had expected the index to dip from May’s 114.6 result to 114.4.
US core durable goods and durable goods orders for the month of May came up shy of economists’ forecasts with the core orders, which were expected to increase by 0.4% edging up by 0.1%, while durable goods orders which had be expected to decrease by 0.5% decreased by 1.1%. The weaker than anticipated data saw the USD edge lower against all its rivals.
UK mortgage approvals slipped to an eight-month low in May, with the British Bankers' Association (BBA) announcing 40.347 mortgages were approved during the month, the number represents the lowest number of approvals since September 2016.
This morning New Zealand’s trade balance is expected to show a 420M surplus down from 578M last month.
Global equity markets are all positive - Dow +0.17%, S&P 500 +0.12%, FTSE +0.31%, DAX +0.29%, CAC +0.56%, Nikkei +0.10%, Shanghai +0.87%
Gold prices are down 1.0% at $1,243 an ounce. .WTI Crude Oil have edged higher, currently up 0.8% at $43.35 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
John Mazenier: Gaffer Tape And Glue Delivering New Zealand’s Mission Critical Services
Earthquake Commission: Ivan Skinner Award Winner Inspired By Real-life Earthquake Experience
Reserve Bank: Consultation Opens On A Digital Currency For New Zealand
NIWA: Ship Anchors May Cause Extensive And Long-lasting Damage To The Seafloor, According To New Research
New Zealand Customs Service: A Step Forward For Simpler Trade Between New Zealand And Singapore
Horizon Research: 68% Say Make Banks Offer Fraud Protection
