Scoop has an Ethical Paywall
Licence needed for work use Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

HiFX Morning Update 19 Jan 2018

The NZD opens at 0.7302 (Mid-rate) this morning.

The lack of outright movement since yesterday belies the fact that it was actually a relatively volatile day. The Kiwi broke through 0.7300, trading to a high of 0.7331 before getting knocked back to 0.7244.

Data out of the US came in fairly mixed, but fears of the US Government shutdown, although unlikely, have kept the USD’s recent run of weakness going.

It is a pretty quiet weekend from a data perspective, with the volatile UK Retail Sales being the only major data of note to come out. You can expect it to miss expectations.

Wellington celebrates its Anniversary day on Monday, so although we cannot settle anything NZD related on Monday the 22nd, there will be no interruption to any other currencies or dealing.

Global equity markets are mixed - Dow -0.39%, S&P 500 -0.15%, FTSE -0.32%, DAX +0.74%, CAC +.02%, Nikkei -0.44%, Shanghai +0.87%.

Gold prices are down half a percent to $1,327 an ounce. WTI Crude Oil prices are virtually flat, trading at $64.00 a barrel.

Advertisement - scroll to continue reading

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 
 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.