Scoop has an Ethical Paywall
HiFX Morning Update, August 9 2017
HiFX Morning Update, August 9 2017
The NZDUSD opens at
0.7325 (mid-rate) this morning.
The NZD has once again underperformed in what has been a fairly quiet night for both currency and equity markets. The USD strengthened against the other majors after the JOLTS job opening figures which came in above market expectations. The report showed that 6.16m job openings were created in August. The figure represents an increase of 461k and takes job openings to a new record high.
Germany’s trade surplus for June increased to a seasonally adjusted EUR 21.2B from EUR 20.3B in May, with the Destatis report showing exports unexpectedly declined by a calendar and seasonally adjusted 2.8% in June following on from a 1.5% increase in May. Imports were also down for the first time in four months, declining by 4.5%.
Investors will today look to this afternoons China inflation data for direction, while the NZD is likely to come under further pressure ahead of tomorrow morning’s RBNZ monetary policy statement.
Global equity markets with the exception on the Nikkei are positive - Dow +0.05%, S&P 500 +0.10%, FTSE +0.14%, DAX +0.28%, CAC +0.21%, Nikkei -0.30%, Shanghai +0.07%.
Gold prices have edged down 0.2% trading at $1,258 an ounce .WTI Crude Oil prices are little changed trading at $49.17 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
Fix & Fogg: NASA Hand-picks Kiwi Nut Butter Brand To Travel To Space In NZ First
Citizens of the Sea: Sailors To Revolutionise Our Understanding Of Pacific Biodiversity
Netsafe: Making A Splash With Online Safety: Netsafe Launches New Flagship Programme For Kids
NZGBC: Flood Resilience PhD Student Widi Auliagisni Named Future Thinker Of The Year 2024
Business Canterbury: European Free Trade Agreement A Game-changer For Canterbury
Business Canterbury: Urges Council To Cut Costs, Not Ambition For City
