HiFX Morning Update December 10 2015

HiFX Morning Update December 10 2015

NZDUSD 0.6632 0.0%
NZDEUR 0.6030 1.0%
NZDGBP 0.4373 -1.1%
NZDJPY 80.60 -1.2%
NZDAUD 0.9205 0.1%
NZDCAD 0.9023 0.0%

The NZDUSD opens at 0.6632 (mid-rate) this morning.

The NZD has continued to weaken against most of its major trading partners ahead of this morning’s all important RBNZ monetary policy statement. The market is poised as well as partially positioned for the RBNZ to cut the overnight cash rate by 25 basis points, and should this be the case, it will be the tone of Reserve Bank Gov Wheeler’s statement that will determine direction thereafter.

Global equity markets have continued to fall - Dow -0.65%, S&P 500 -0.84%, FTSE –0.14%, DAX -0.76%, CAC -0.95%, Nikkei -0.98%, Shanghai +0.07%.

Gold prices are up $2 trading at $1075 an ounce, WTI Crude Oil is currently trading below $37 a barrel down 1.6% at $36.85 a barrel.

ends

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