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

Exchange Rates updated 19/11/2017 8:10:43 a.m.

New Zealand

NZD/USD 0.6807
NZD/GBP 0.5148
NZD/EUR 0.5772
NZD/AUD 0.9001
NZD/JPY 76.4110
NZD/CAD 0.8697
NZD/SGD 0.9237
NZD/CHF 0.6733
NZD/HKD 5.3236
NZD/THB 22.3997
NZD/ZAR 9.5295
NZD/DKK 4.2996
NZD/SEK 5.7425

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

Stocks

All Ord 6023
DOW 23486
NASDAQ 6806
FTSE 7390
NZSE 8034

Commodities

Gold 1280
Oil 56

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

Comments from ECB's Draghi warned of a need for patience with monetary policy as inflation remains subdued. The ECB has been bullish on growth, which have driven markets higher, but inflation reflects growth and this has been benign. Despite this the EUR managed to hold 1.1780, while the GBP regained 1.3200, driven by stronger inflation/growth data. The GBP is destabilised by Brexit trade talks. The coming week will be interrupted by the US Thanksgiving holiday on Thursday and a relative slow economic data release period. The soft Dollar failed to add any fortitude to commodity currencies with the AUD falling to 0.7550, while the NZD looks to test below 0.6800. These Trans-Tasman currencies are testing important technical levels and look set for further vulnerabilities. The Australia political situation is causing massive instability with threats to ruling parties. The NZD is being threatened by the new rainbow coalitions lack of policy certainty and some tentative missteps. Warnings of fiscal blowouts never encourage market confidence.

Headlines

19/11 NZ Food Prices, Japan Trade Exports/Imports, NZ Dairy Auction, ECB Governor meeting, US Leading Indicators

20/11 NZ Consumer Confidence, RBA Minutes, NZ Credit Card spending, Chicago Fed National Activiity Index, US Existing Home Sales

21/11 NZ Migration, Australia Leading Index, US Weekly Mortgage Applications, US Weekly Jobless Claims, US Durable Goods Orders, EU Consumer Confidence, University of Michigan Sentiment

22/11 NZ Retail Sales, Thanksgiving, German GDP, German Trade Exports/Imports, France/German/EU Manufacturing/Services/Composite PMI, ECB MP report

23/11 NZ Trade Exports/imports, Japan Manufacturing PMI, Japan Leading Index, US Manufacturing/Services/Composite PMI

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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.