Scoop has an Ethical Paywall
HiFX Morning Update, January 23 2018
HiFX Morning Update, January 23 2018
The NZDUSD opens
at 0.7304 (mid-rate) this morning
The USD weakened further overnight with the NZDUSD retesting last week’s high’s before news that the US Senate were close to reaching the 60 votes needed to reopen the government reversed the move. This morning Senator Chuck Schumer speaking on the floor of the Senate announced that the Democrats and Republicans had come to an agreement that would allow both sides to vote to re-open the government and as I type the Senate has voted overwhelmingly 81 to 18 to end the partial shutdown.
This afternoon the Bank of Japan are not expected to announce any major changes to monetary policy despite recent signs of economic strength. Although the economy showed steady improvement during 2017, inflation remains well below the Bank of Japan’s target of 2%. Earlier this month it was reported that the Bank had purchased fewer longer-dated bonds than usual in its regular operations and the media will look question Governor Kuroda as to whether this is a sign of what’s to come at the post meeting press conference.
Global equity markets are broadly higher - Dow +0.27%, S&P 500 +0.42%, FTSE -0.20%, DAX +0.22%, CAC +0.28%, Nikkei +0.03%, Shanghai +0.39%.
Gold prices are unchanged $1,331 an ounce. WTI Crude Oil prices are up 0.4% trading at $63.56 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
