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

Exchange Rates updated 17/01/2018 8:11:04 PM

New Zealand

NZD/USD 0.7229
NZD/GBP 0.5248
NZD/EUR 0.5914
NZD/AUD 0.9101
NZD/JPY 80.2177
NZD/CAD 0.9007
NZD/SGD 0.9578
NZD/CHF 0.6966
NZD/HKD 5.6613
NZD/THB 23.1585
NZD/ZAR 8.9129
NZD/DKK 4.4111
NZD/SEK 5.8303

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

Stocks

All Ord 6165
DOW 25842
NASDAQ 7242
FTSE 7668
NZSE 8250

Commodities

Gold 1334
Oil 64

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

The Dow broke through 26,000, charging in the New Year, driven by a surge in confidence. The US economy is booming under the Trump administration and the Tax cuts have been anticipated and digested. Tax cuts allow much of the money, previously earmarked for the Government, to flow directly in to the pockets of tax payers. Companies and workers will spend and invest, which is why the economy is surging. The USD consolidated after losing ground to all currencies. Bond yields have collapsed, as demand spikes, allowing the reserve to flounder. The EUR drifted to 1.2235, while the Yen moved back towards 111.00. U.K. CPI continued to reflect growth in the economy, pushing to 3%, while the GBP rallied around 1.3800. Commodity currencies have been major beneficiaries, due to the resurgent boom in the US and the weaker Dollar. The AUD traded around 0.7950, while the NZD retraced from 0.7300, as the Dollar recovers.

Headlines

15/1 NZ Dairy Auction, Bank of Japan Bond Program, EU Trade

16/1 NZ Credit Card Spending, Australian Consumer Confidence, Australia New Vehicle Sales, German CPI, U.K. CPI, Empire State Manufactruing

17/1 NZ Commodity Prices, EU Construction, EU CPI, US Weekly Mortgage Applications, US Industrial/Manufacturing Production, NAHB House Market Index, Biege Book

18/1 Australian Employment, China GDP, China Retail Sales, China Industrial Production, Japan Industrial Production, US Home Sales, US Building Permits, Philly Fed Survey, US Weekly Jobless Claims

19/1 EU Current Account, UK Retail Sales, University of Michigan Sentiment

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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.