Scoop has an Ethical Paywall
HiFX morning Update, February 5 2019
NZDUSD 0.6878 -0.2%
NZDEUR
0.6014 0.0%
NZDGBP 0.5271 0.1%
NZDJPY 75.55 0.1%
NZDAUD 0.9525 0.2%
NZDCAD 0.9035 0.1%
GBPNZD 1.8972 -0.1%
Markets have had a subdued start to the trading week with China’s financial markets closed all week for the Luna New Year holiday.
The USD has extended its gains following the Friday’s upbeat economic data releases and is the best performing of the G10 currencies. US Treasury rates have continued to push higher with the 2-year rate up a further 3bps and the 10-year rate up 4bps from Friday’s close.
Overnight Sentix data showed Euro-zone investor confidence weakened for a sixth straight month in February and now sits at its lowest level in more than four years. The investor confidence index fell to -3.7 from -1.5 in January, surprising economists who had forecast the index to improve to -1.3.
UK construction growth in January slipped to its weakest level in ten months with Markit reporting its Purchasing Managers' Index fell to 50.6 from 52.8 in December. Market expectations were for the index to edge down to 52.5.
The AUD remains under pressure ahead of today’s monetary policy rate announcement with investors anticipating a less upbeat tone to the accompanying statement. The Central bank are expected to site falling house prices in Sydney and Melbourne which according to the latest housing report are both down over 10% over the past year as a major area of concern.
Global equity markets have had a mixed start to the week, Dow +0.07%, S&P 500 +0.27%, FTSE +0.20%, DAX -0.04%, CAC -0.38%, Nikkei +0.46%, Shanghai Closed.
Gold prices have inched lower, down 0.3% trading at 1,313 an ounce. WTI Crude Oil prices have given back some of Friday’s gains, , currently down 1.8%% trading at $54.55 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
