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

Exchange Rates updated 23/05/2015 10:15:30 p.m.

New Zealand

NZD/USD 0.7299
NZD/GBP 0.4709
NZD/EUR 0.6627
NZD/AUD 0.9331
NZD/JPY 88.7736
NZD/CAD 0.8958
NZD/SGD 0.9755
NZD/CHF 0.6878
NZD/HKD 5.6652
NZD/THB 24.4652
NZD/ZAR 8.6832
NZD/DKK 4.9403
NZD/SEK 6.1249

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

Stocks

All Ord 5664
DOW 18308
NASDAQ 5090
FTSE 7013
NZSE 5769

Commodities

Gold 1206
Oil 61

New Zealand

nz

Collinson Forex Ltd

Phone 0800 338 838
Overseas +649 358 3636

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

+64 9 918 8312

Commentary

Equities completed a non descript week with no real market moving data and little to define the Geo-Political issues. Greece will negotiate a compromise because the EU does not need a fissure and the Ukraine will be ignored as much as possible. The people are rioting in Kiev to protest the corrupt new 'democratic regime' and all the blessings showering them! The Russians are coming! In the US, inflation was positve, thus giving Fed Chair Yellen, an opportunity to speculate an interest rate rise. There are many reasons why this will not happen. The economy, debt repayments etc etc! The Dollar was impacted accordingly, with the EUR falling to 1.1000, while the GBP drifted below 1.5500. The AUD remains conflicted by the weak demand for commodities, dropping to 0.7800, while the KIWI continues to consolidate above 0.7300. Interest rate differentials remain attractive and support the 'once rock-star' economy! The coming week will bring no major surprises on the economic front but may deliver some adverse Geo-Political surprises form within Europe or the Middle East.

Headlines

25/5 German Import Index, NZ Trade, NZ Exports/Imports

26/5 US Durable Goods Orders, US House Price Index, S&P House Price Index, US New Home Sales, US Consumer Confidence, Richmond Fed Manufacturing Index, Dallas Fed Manufacturing Activity Index

27/5 Australia Leading Index, Australia Confidence, German Consumer Confidence, US Weekly Mortgage Application

28/5 China Leading Index, German Retail Sales, EU Confidence, US Weekly Jobless Claims, US Pending Home Sales

29/5 NZ Building Permits, Australia New Home Sales, Italy GDP, UK GDP, UK Trade, UK Exports/Imports, US GDP, Canada GDP, UNiversity of Michigan Confidence

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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.