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XE Morning Update
The NZDUSD opens at 0.6606 (mid-rate) this morning.
Market volatility continues to wane and with the US closed for Martin Luther King day it’s been a predictably slow start to our trading week.
There has been little reaction to the latest International Monetary Fund, World Economic Outlook in which the IMF downwardly revised its global growth estimate for 2020 by 0.1% to 3.3% compared to the prior report released in October. It also lowered the 2021 forecast to 3.4% from 3.6%.
In the only economic data of note during our trading day the Bank of Japan are widely expected to keep their monetary policy unchanged at this afternoon’s meeting.
Overnight the last dairy trade auction is again expected to show an uptick in prices following on from a 2.8% increase on the 7th Jan.
Global equity markets are mixed, - Dow Closed, S&P 500 Closed, FTSE -0.30%, DAX +0.17%, CAC -0.36%, Nikkei +0.18%, Shanghai +0.66%
Gold prices
are little changed at $1,565 an ounce. WTI
Crude Oil prices have inched higher, up 0.2%
trading at 58.71 a
barrel.
NIWA: Ship Anchors May Cause Extensive And Long-lasting Damage To The Seafloor, According To New Research
New Zealand Customs Service: A Step Forward For Simpler Trade Between New Zealand And Singapore
Horizon Research: 68% Say Make Banks Offer Fraud Protection
NZ Banking Association: Banks Seek Government Support For Anti-Scam Centre
National Road Carriers: Praises NZTA State Highway Investment Proposal Turnaround
Greenpeace: Cameras Reveal Mass Underreporting Of Dolphin, Albatross And Fish Bycatch By Commercial Fishing Industry
