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

 

XE Morning Update - July 1, 2019


NZDUSD 0.6720 -0.1%
NZDEUR 0.5915 -0.4%
NZDGBP 0.5291 -0.1%
NZDJPY 72.65 -0.4%
NZDAUD 0.9561 0.5%
NZDCAD 0.8792 0.2%
GBPNZD 1.8900 0.1%


Marketwatch
Contact Us
Sign Up Today

The NZDUSD opens at 0.6720 (mid-rate) this morning.

The NZD and AUD have gapped higher on the open this morning after President Donald Trump said negotiations are "back on track" following his meeting with Chinese President Xi Jinping at the G20 summit in Japan on Saturday.

Trump described his meeting with Xi as "excellent, as good as it was going to be" and "we're right back on track," and announced that he will not follow through on threats to raise tariffs, at least for the time being. Previously trump had threatened that he could add tariffs to a further $350 billion worth of Chinese imports.

Friday’s University of Michigan consumer sentiment index reading for the month of June was upwardly revised to 98.2 from 97.9 marginally ahead of the expected 98.0 outcome.

The highlight for the NZD over the course of the week will be tomorrow’s NZIER Business Confidence data release with investors also looking to the RBA’s monthly monetary policy statement for NZDAUD direction.

Global equity markets closed out the quarter mixed, - Dow +0.28%, S&P 500 +0.57%, FTSE +0.31%, DAX +1.04%, CAC +0.83%, Nikkei -0.29, Shanghai -0.60%.

Gold prices were unchanged on Friday closing out the quarter at $1,409 an ounce. WTI Crude Oil prices fell sharply on Friday, down 1.6%% closing out the quarter at $58.52 a barrel.

ends



© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Emission Statement: No New Coal Boilers For Fonterra

Fonterra is shaving eleven years off its coal target, as it announces a new commitment to reduce its reliance on coal. More>>

ALSO:

Long Time Coming: Soil Turned On Waimea Dam

After almost 20 years of planning and a 'gruelling' process to keep the project on track, the Waimea Community Dam, one of the Tasman District's largest-ever projects, is now under way. More>>

Where's My Drone Pizza: Govt's Drone Plan 'Will Help Economy Take Off'

The paper Taking Flight: an aviation system for the automated age sets out the Government’s vision for how drones can be better integrated into the current transport system to develop a thriving, innovative and safe sector. More>>

ALSO:

Up 17.% In June Year: Fuel And Rent Drive Inflation

The consumers price index (CPI) rose 0.6 percent in the June 2019 quarter, due to higher prices for petrol and rent, Stats NZ said today. More>>

ALSO: