Scoop has an Ethical Paywall
HiFX morning Update, December 14, 2018
NZDUSD 0.6865 0.1%
NZDEUR
0.6038 0.2%
NZDGBP 0.5425 0.1%
NZDJPY 77.94 0.4%
NZDAUD 0.9493 0.0%
NZDCAD 0.9163 0.2%
GBPNZD 1.8431 -0.1%
The NZD opens at 0.6865
The NZD has consolidated overnight, trading sideways against most.
The Pound had a big move leading into Teresa Mays leadership challenge yesterday morning. May survived the vote, though this was widely rumored, so there was not actually too much movement on the result. In some ways having this behind them, removes one layer of uncertainty for the UK, and the Pound is stronger as a result.
In developing news, The French President Emmanuel Macron could also be facing his own no confidence vote, if left-wing lawmaker’s motion that has been tabled gets passed. Very early days, but definitely something to watch out for.
US Retail Sales out tonight, but the market is really waiting on next Thursdays FOMC statement and Federal Funds rate. Recently Interest rate decisions have been very anticlimactic as they are so widely foreshadowed and the market has already priced them in. Thursday’s hike however, is only given a 80% chance of happening, so is going to generate some volatility regardless. As ever, any hints on future hikes will also be closely scrutinized.
Global equity markets
sharply higher, Dow +0.07%, S&P 500 -0.33%, FTSE -0.04%, DAX
-0.04%, CAC -0.26%, Nikkei +0.99%, Shanghai +1.23%.
Gold prices are slightly higher trading at $1,248 an ounce. WTI Crude Oil prices are off on this time yesterday, down -0.7% trading at $51.87 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
New Zealand Customs Service: A Step Forward For Simpler Trade Between New Zealand And Singapore
Horizon Research: 68% Say Make Banks Offer Fraud Protection
NZ Banking Association: Banks Seek Government Support For Anti-Scam Centre
National Road Carriers: Praises NZTA State Highway Investment Proposal Turnaround
Greenpeace: Cameras Reveal Mass Underreporting Of Dolphin, Albatross And Fish Bycatch By Commercial Fishing Industry
Sharesies: Expanding B2B Offering With First Acquisition 
