Scoop has an Ethical Paywall
HiFX morning Update, January 22 2018
NZDUSD 0.6728 -0.3%
NZDEUR
0.5919 -0.4%
NZDGBP 0.5218 -0.5%
NZDJPY 73.75 -0.4%
NZDAUD 0.94 -0.1%
NZDCAD 0.8945 -0.1%
GBPNZD 1.9164 0.5%
It’s been a subdued start to the trading week with the US enjoying a long weekend however the NZD remains under pressure ahead of tomorrow morning’s inflation report.
There was little reaction to yesterday afternoon’s China data with Q4 growth hitting 6.4% y/y (in line with expectations). The rate of growth was marginally slower than the 6.5% expansion recorded in Q3 and puts full-year growth for 2018 at 6.6%, the slowest annual pace of expansion since 1990.
On a more positive note China’s industrial production and retail sales reports for the month of December exceeded expectations with Industrial production increasing by 5.7% y/y (exp +5.3%) and retail sales rising by 8.2% y/y (exp +8.1%).
This morning British Prime Minister Theresa May rejected calls to delay the UK's departure from the European Union, and said her Plan B was to have Parliament approve her Brexit agreement after securing changes to a contentious Irish border measure. May said she had “heeded lawmakers' concerns over the Irish backstop," and said she will be "talking further this week to colleagues ... to consider how we might meet our obligations to the people of Northern Ireland and Ireland in a way that can command the greatest possible support in the House." Lawmakers are due to vote on May's Plan B and any possible amendments on the 29th January.
Global equity markets are mixed, Dow Closed, S&P 500 Closed, FTSE +0.03, DAX -0.62%, CAC -0.17%, Nikkei +0.26%, Shanghai +0.56%.
Gold prices are unchanged trading
at $1,280 an ounce. WTI Crude Oil prices are have inched
higher, up 0.4% trading at $54.23 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
Business Canterbury: Urges Council To Cut Costs, Not Ambition For City
Wellington Airport: On Track For Net Zero Emissions By 2028
Landcare Research: ANZAC Gall Fly Release Promises Natural Solution To Weed Threat
NZ Anti-Vivisection Society: Auckland Rat Lovers Unite!
University of Canterbury: $1.35 Million Grant To Study Lion-like Jumping Spiders
Federated Farmers: Government Ends War On Farming
