Scoop has an Ethical Paywall
HiFX Morning Update, October 25, 2017
HiFX Morning Update, October 25, 2017
The NZDUSD opens at 0.6891 (mid-rate) this morning.
The NZD fell sharply yesterday afternoon following the announcement from the incoming Labour-led coalition government that it plans to review and reform the Central bank Act to include employment alongside inflation as a duel target.
This morning President Trump meets GOP senators hoping to gain their support to pass tax reforms and other legislative goals before next year’s congressional elections. Last week the Senate passed a related budget plan but specifics on the tax legislation are still unknown.
The Euro-zone manufacturing and service sectors, led once again by France and Germany are growing at a faster pace than expected according to the latest flash data release. While growth in Germany remains strong it was France according to the data that posted its sharpest rise in output since May 2011.
This afternoon the NZDAUD cross rate will be dictated by Australia’s inflation data due for release at 13:30. The forecast is for Q3 CPI to increase by 0.8% following on from Q2’s 0.2% increase.
Global equity markets have strengthened further - Dow +0.86%, S&P 500 +0.27%, FTSE +0.17%, DAX +0.08%, CAC +0.15%, Nikkei +0.50%, Shanghai +0.22%.
Gold prices are little changed, down 0.3%
trading at $1,276 an ounce. WTI Crude Oil prices have
continued to push higher, up 1.0% overnight currently
sitting at $52.39 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
Federated Farmers: Government Ends War On Farming
University of Auckland: NZ Researchers Drive Work On International AI Framework
Woolworths: Rolling Out Team Safety Cameras To All Stores As Critical Tool For De-escalating Conflict 
Consumer NZ: Environmentally Conscious Shoppers At Risk Of Being Greenwashed
Hugh Grant: Facing The Future - The Use Of Biometric Tech
John Mazenier: Gaffer Tape And Glue Delivering New Zealand’s Mission Critical Services
