Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

HiFX Morning Update, February 20 2018

HiFX Morning Update, February 20 2018


The NZDUSD opens at 0.7371 (mid-rate) this morning.

A delayed reaction to the weekend’s US economic data has boosted the USD overnight with the NZD unable to sustain its move back above 74 US cents.

Trading has been light with the US enjoying the long weekend and investors awaiting economic data for further direction.

This morning’s PPI data is likely to have little effect on the local currency, with investors looking to tonight’s GDT auction before adding to their positions.

Global Dairy Trade (GDT) auction prices have firmed since the start of the year and dairy futures are pointing to another slight rise in prices at this evening’s event.

This afternoons RBA monetary policy meeting minutes should dictate direction for the NZDAUD cross rate, the data release is scheduled for 13:30.

Global equity markets are softer - Dow Closed, S&P 500 Closed, FTSE -0.64%, DAX -0.53%, CAC -0.48%, Nikkei +1.97, Shanghai Closed.

Gold prices are down 0.7% trading at $1,347 an ounce. WTI Crude Oil prices continue to rise, up 1.2% over the past 24 hours, trading at $62.41 a barrel.

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

'Visionary' Leaders: Primary Sector Council Announced

A group of visionary agribusiness leaders is set to help our primary sector capture more value from its work, Minister of Agriculture and Rural Communities Damien O’Connor says ... More>>

ALSO:

Land Report: Issues With Soil Degradation

An environmental report released today has found we are damaging and losing our soils and our native plants and animals. More>>

ALSO:

Water Quality Report: Cause For Optimism

National River Water Quality Trends released by Land, Air, Water Aotearoa (LAWA) this week, reveal that for all river water quality parameters monitored over a 10 year period, more sites were improving than deteriorating. More>>

ALSO:

IMF Report On NZ: Positive Economic Outlook

Minister of Finance Grant Robertson has welcomed the IMF’s Concluding Statement, released following its annual visit, which provides an independent assessment of the strength of the New Zealand economy. More>>

ALSO:

Retail Power Price: Review Panel Named

The Energy and Resources Minister Megan Woods has released the details of who will sit on an expert advisory panel which is tasked with leading a review into the price of electricity in New Zealand. More>>

ALSO:

Increasingly Disruptive Threats: Govt Cyber Security Refresh

Broadcasting, Communications and Digital Media Minister Clare Curran today announced a comprehensive refresh of New Zealand’s approach to cyber security. More>>

ALSO:


Regional Growth: Action Plan To Modernise Taranaki’s Economy

The Provincial Growth Fund (PGF) will invest up to $20 million to help future-proof the Taranaki region by diversifying its economy, creating additional jobs and leveraging off the strong base the region has established through its oil, gas and agricultural ... More>>

ALSO: