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HiFX Morning Update
HiFX Morning Update
The NZDUSD opens at 0.6351 (mid-rate) this morning.
The NZDUSD is currently trading at 4-day highs with investors happy to pick up risk following yesterdays Shanghai equity market rally. With the Shanghai Index leading the way, climbing nearly 3% European and U.S. equity markets (the CAC being the only exception) are sharply higher.
Strong data out of Euro-zone has also helped market sentiment with German exports rising 2.4% month-on-month in July and GDP advancing 0.4% sequentially after rising 0.5% in the previous quarter.
Global equity markets remain mixed - Dow +2.18%, S&P 500 +2.26%, FTSE +1.18%, DAX +1.61%, CAC -1.19%, Nikkei -2.43%, Shanghai +2.92%.
Gold prices are up 0.3% at $1122 an ounce, WTI Crude Oil has gained 0.2% currently trading at $45.55 a barrel.
ENDS
Science Media Centre: Cyclone Gabrielle's Impacts On NZ's Ecosystems - Expert Reaction
RNZ: Parts Of Power System Could Be Out For 36 Hours In Event Of Extreme Solar Storm
NZAS: New Zealand Association Of Scientists Awards Celebrate The Achievements Of Scientists And Our Science System
Stats NZ: Retail Spending Flat In The September 2024 Quarter
Antarctica New Zealand: International Team Launch Second Attempt To Drill Deep For Antarctic Climate Clues
Vegetables New Zealand: Asparagus Season In Full Flight: Get It While You Still Can 
