HiFX Morning Update, November 17 2015

HiFX Morning Update, November 17 2015

NZDUSD 0.6490 -0.5%
NZDEUR 0.6070 -0.2%
NZDGBP 0.4267 -0.5%
NZDJPY 79.95 0.1%
NZDAUD 0.9152 -0.3%
NZDCAD 0.8654 -0.5%

The NZDUSD opens at 0.6490 (mid-rate) this morning.

The NZD has lost ground against all its major competitors (the JPY being the only exception) following yesterdays mixed retails sales report.

The Bank of Japan starts two-meeting meeting today with the central bank now expected to expand its stimulus measures following yesterdays disappointing third quarter GDP (GDP fell 0.8% on an annualised basis compared to the previous quarter)

Euro-zone inflation turned positive in October after declining a month ago. The Euro-zone consumer price index 0.1% from a year ago, reversing a 0.1% fall in September.

Local interest will be focused on this afternoons RBNZ’s Q4 inflation expectations while overnight all eyes will be on the GDT auction for future direction.

Global equity markets have started the week mixed - Dow +0.81%, S&P 500 +0.73%, FTSE +0.46%, DAX +0.05%, CAC -0.08%, Nikkei -1.04%, Shanghai +0.73%.

Gold prices are little changed currently trading at $1084 an ounce, WTI Crude Oil has pushed up 1.7% trading at $41.45 a barrel.

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