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


EUR/USD 1.1745
EUR/GBP 0.8813
EUR/AUD 1.5368
EUR/NZD 1.6801
EUR/JPY 132.3683
EUR/CAD 1.5137
EUR/SGD 1.5842
EUR/CHF 1.1625
EUR/HKD 9.1816
EUR/THB 38.2151
EUR/ZAR 15.3774
EUR/DKK 7.4435
EUR/SEK 9.9859

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


All Ord 6096
DOW 24563
FTSE 7504
NZSE 8323


Gold 1255
Oil 57


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.


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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