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HiFX Morning Update, October 13 2016
HiFX Morning Update, October 13 2016
NZDUSD 0.7074 0.2%
NZDEUR
0.642 0.5%
NZDGBP 0.5797 -0.4%
NZDJPY 73.75 1.1%
NZDAUD 0.9344 -0.1%
NZDCAD 0.9365 0.2%
The NZDUSD opens at 0.7074 (mid-rate) this
morning.
There were no surprises in this morning’s FOMC
meeting minutes with the report confirming the decision to
keep rates on hold in September was a “close call”. The
Fed meet twice more this year, in November and December with
most economists expecting the next rate hike to come at the
December meeting. Below are the key points from this
morning’s minutes.
FOMC minutes show officials in September expected to raise rates 'relatively soon'
FOMC minutes: 'reasonable argument' could be made for increase at September meeting
FOMC minutes highlight divisions fed faces determining timing of next interest-rate increase
FOMC minutes: many officials saw few signs of emerging inflationary pressures
FOMC minutes: some officials concerned rate increase delay could erode fed's credibility
FOMC minutes: substantial majority view risks to economic outlook as roughly balanced
FOMC minutes: some officials continued to see downside risks from abroad
FOMC
minutes: staff 'slightly' lowered estimate for potential
output growth in medium, long run
Euro-zone industrial
production rebounded in August with the latest Eurostat
report showing a 1.6% rise in August (exp +1.4%) from July
when it fell by a revised 0.7%.
Global equity markets are
mixed - Dow +0.19%, S&P 500 +0.19%, FTSE -0.66%, DAX -0.51%,
CAC -0.44%, Nikkei -1.09%, Shanghai -0.22%.
Gold prices
are a little changed currently trading at $1,251 an ounce,
WTI Crude Oil continues to pull back down another 1.1%
overnight but still holding just above $50 currently
trading at $50.15 a
barrel
ends
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