Scoop has an Ethical Paywall
HiFX Morning Update, December 14, 2017
HiFX Morning Update, December 14, 2017
The NZDUSD opens at 0.6991 (mid-rate) this morning.
The NZD has put in another strong performance ahead of this morning’s long awaited FOMC statement.
Earlier this morning the USD came under pressure after the US Labour Department CPI data report showed core consumer prices missed economists’ forecasts in November. Core prices which exclude food and energy edged up by 0.1% in November following a 0.2% rise in October and just shy of the 0.2% forecast. This softening of core inflation will cast doubts on the Fed’s ability to hike rates early in 2018.
The UK Office for National Statistics employment report showed unemployment remained at its lowest level since the March to May quarter of 1975. The unemployment rate has spent the last two quarters from May through to October at 4.3%. The reading was in line with expectations.
Direction will obviously be driven by this morning’s announcement, with a hike fully priced in it will be the Fed’s forecast on future hikes that will dictate USD direction.
Global equity markets remain mixed - Dow +0.56%, S&P 500 +0.28%, FTSE -0.05%, DAX -0.44%, CAC -0.51%, Nikkei -0.47%, Shanghai +0.68%.
Gold
prices have retraced yesterday’s fall up 0.6% to $1,245 an
ounce. WTI Crude Oil prices have slipped lower, down 1.2%
trading at $56.71 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
