Scoop has an Ethical Paywall
HiFX Morning Update, February 20 2018
HiFX Morning Update, February 20 2018
The NZDUSD opens
at 0.7371 (mid-rate) this morning.
A delayed reaction to the weekend’s US economic data has boosted the USD overnight with the NZD unable to sustain its move back above 74 US cents.
Trading has been light with the US enjoying the long weekend and investors awaiting economic data for further direction.
This morning’s PPI data is likely to have little effect on the local currency, with investors looking to tonight’s GDT auction before adding to their positions.
Global Dairy Trade (GDT) auction prices have firmed since the start of the year and dairy futures are pointing to another slight rise in prices at this evening’s event.
This afternoons RBA monetary policy meeting minutes should dictate direction for the NZDAUD cross rate, the data release is scheduled for 13:30.
Global equity markets are softer - Dow Closed, S&P 500 Closed, FTSE -0.64%, DAX -0.53%, CAC -0.48%, Nikkei +1.97, Shanghai Closed.
Gold prices are down 0.7% trading at $1,347 an ounce. WTI Crude Oil prices continue to rise, up 1.2% over the past 24 hours, trading at $62.41 a barrel.
ends
Zhenbo Wang, The Conversation: From New Commercial Moon Landers To Asteroid Investigations, Expect A Slate Of Exciting Space Missions In 2025
Worldline: Boxing Day Spending Up On Last Year, But Pre-Christmas Spending Is Slightly Down
Skoltech: Scientists Reinvent Physical Laws Governing Formation Of Snowflakes, Raindrops, And Saturn’s Rings
Trademe: Trash To Treasure - Kiwi Make The Most Of Unwanted Christmas Gifts 
Financial Markets Authority: FMA Seeks Clarity From High Court On Use Of Eligible Investor Certificates In Wholesale Investment Sector
Scion: Scion’s Novel Internship Model Connects Talent With Industry
