Scoop has an Ethical Paywall
HiFX morning Update June 26 2018
The NZDUSD opens at 0.6895 (mid-rate) this morning.
Trade war concerns have weighed heavily on risk with equity markets, commodities and commodity linked currencies all firmly in negative territory.
President Donald Trump has continued add petrol to the trade war fire this time tweeting "The United States is insisting that all countries that have placed artificial Trade Barriers and Tariffs on goods going into their country, remove those Barriers & Tariffs or be met with more than Reciprocity by the U.S.A. Trade must be fair and no longer a one way street!"
Despite further disappointing economic data this time by way of further weakness in Germany’s business sentiment the EUR along with the JPY have outperformed as safe-haven currencies.
Germany’s business confidence index weakened further during June with the Ifo Institute reporting the index fell from 102 in May to 101.8 in June. Economists had expected the index to edge down to 101.9.
Again there is little in the wat of economic data during our trading session while overnight investors will look to the US consumer confidence report for direction.
Global equity markets have fallen sharply, - Dow -1.98%, S&P 500 -1.99%, FTSE -2.24%, DAX -2.46%, CAC -1.92%, Nikkei -0.79%, Shanghai -1.05%.
Gold prices are little changed trading at $1,267 an
ounce WTI Crude Oil prices are down 1% trading at $66.97 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
Federated Farmers: Government Ends War On Farming
University of Auckland: NZ Researchers Drive Work On International AI Framework
Woolworths: Rolling Out Team Safety Cameras To All Stores As Critical Tool For De-escalating Conflict 
Consumer NZ: Environmentally Conscious Shoppers At Risk Of Being Greenwashed
Hugh Grant: Facing The Future - The Use Of Biometric Tech
John Mazenier: Gaffer Tape And Glue Delivering New Zealand’s Mission Critical Services
