HiFX Morning Update July 13, 2018

Friday, 13 July 2018, 8:56 am
Press Release: HiFX

The NZD opens at 0.6771 this morning.

Markets generally shrugged off news of Trumps $200 Billion tariff increase yesterday, with China’s lack of reciprocal escalation (so far) helping to calm markets.

US Monthly CPI came in at 0.1%, slightly missing the 0.2% expected. This is a monthly figure though, so can tend to be a touch more volatile, leading to more muted responses. Even so, this helped to arrest some of the recent slide in the Kiwi.

Fairly light data on the calendar, with the Chinese Trade Balance expected to big the biggest mover. The timing on its release however, is still tentative at this stage.

Global equity markets are actually quite buoyant, Dow 0.86%, S&P 500 0.79%, FTSE 0.78%, DAX 0.61%, CAC 0.97%, Nikkei 1.17%, Shanghai 2.16%.

Gold prices are up slightly, trading at $1,247 an ounce WTI Crude Oil prices have stabilised a touch, trading at $70.23 a barrel.

© Scoop Media

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

Contact HiFX

• Website - www.hifx.co.nz
• About - HiFX International Payments
• Link - Live Rates (Interbank Exchange Rates)
• Marketwatch - Latest Market briefings
• Register - Personal Account Setup
• Register - Business Account Setup
• Linkedin
• Facebook