Contact Us: NZ: 0800 338 838 US: 1888 6257 833 UK: 0800 0285 834 AU: 1800 143 415

Exchange Rates updated 16/12/2017 10:31:38 a.m.

Australia

AUD/USD 0.7634
AUD/GBP 0.5727
AUD/EUR 0.6493
AUD/NZD 1.0922
AUD/JPY 86.0770
AUD/CAD 0.9840
AUD/SGD 1.0298
AUD/CHF 0.7556
AUD/HKD 5.9703
AUD/THB 24.8504
AUD/ZAR 9.9994
AUD/DKK 4.8401
AUD/SEK 6.4934

Rates are indicative only and indicate a midpoint between buy and sell prices

Stocks

All Ord 6096
DOW 24563
NASDAQ 6871
FTSE 7504
NZSE 8323

Commodities

Gold 1255
Oil 57

Australia

au

Collinson & Co Pty Ltd

Phone 1800 143 415

For 24 hour GT platform support, please call Neven Fisher on:

+64 9 918 9312

Commentary

The Fed raised rates, as expected, while indicating there will be at least three more rate rises in the coming year. The picture painted of the US economy is bullish in the extreme. Tax cuts are expected to give the US economy a massive injection to an already strong economy. The ECB followed, by leaving QE in place, for the foreseeable future. This was despite large economic reviews on the upside. The ECB expects GDP to improve to 2.4% for 2017, while 2018 is anticipating a rate of 2.3%, while inflation creeps north. The Bank of England left rates unchanged, in an effort to combat any disruptions caused by 'Brexit', although maintained future rises are on the cards. UK inflation is on the rise, rising to a 5 year high, putting pressure on the Central Bank. The EUR trades 1.1770, ignoring the lack of central bank action, while the GBP hit 1.3430. The Dollar is in retreat and this was reflected across the currency front. The NZD attempts to regain 0.7000, while the AUD rebounded to 0.7670, boosted by strong local employment numbers. Markets now focus on the passage of tax reform in the US leading in to Christmas.

Headlines

11/12 NZ Credit Card Spending

12/12 Australia Consumer Confidence, Australia House Prices, UK CPI, German/EU ZEW Economic Sentiment, NFIB Small Business Optimism

13/12 Australia Consumer Confidence, German CPI, UK Employment, EU Industrial Production, EU Employment, US Weekly Mortgage Applications, US CPI, FOMC Meeting

14/12 Australia Inflation report, Australia Employment, China Retail Sales, China Industrial Production, France/German/EU Manufacturing/Services/Composite PMI, Bank of England Rate Decision, ECB Rate Decision, US Weekly Jobless Claims, US Trade Exports/Imports, US Retail Sales

15/12 Tankan Report, EU Trade, US Manufacturing/Industrial Production

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Disclaimer

The details expressed in this website and accompanying documents or transmissions are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Collinson Forex Ltd accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the information contained or related to this site.