Scoop has an Ethical Paywall
HiFX Morning Update: NZDUSD opens at 0.7358
HiFX Morning Update
The NZDUSD opens at 0.7358 (mid-rate) this morning.
Markets were subdued on Friday with an absence of tier one economic data and growing concerns over the situation in Syria keeping investors on the side lines.
Markets were closed, and have so far shown little reaction to the news that the defence forces of the US, UK and France, jointly launched a military attack targeting Syria's chemical weapons capabilities.
On Friday the University of Michigan released its preliminary reading on the consumer sentiment index for April. The reading which had been expected to edge down to 100.5 from March’s final reading of 101.4 (a fourteen year high) came in at a disappointing 97.8.
Germany's consumer price inflation printed in line with expectations, with the Destatis report showing Inflation rose to 1.6% in March up from 1.4% in February.
The domestic highlight for the NZD week will be Thursday’squarterly inflation report, with economists currently predicting Q1 CPI will increase by 0.5% q/q.
Global equity markets closed out the week mixed on Friday, -Dow -0.50%, S&P 500 -0.28%, FTSE +0.09%, DAX +0.22%, CAC +0.11%, Nikkei +0.55%, Shanghai -0.66%.
Gold prices pushed higher
on Friday up 0.7% closing out the week at $1,345 an
ounce, WTI Crude Oil prices edged higher on
Friday, closing out the week at $67.33 a barrel, for a
weekly gain of
8%.
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
