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

Exchange Rates updated 6/07/2015 12:54:43 p.m.

New Zealand

NZD/USD 0.6679
NZD/GBP 0.4288
NZD/EUR 0.6062
NZD/AUD 0.8916
NZD/JPY 81.8947
NZD/CAD 0.8415
NZD/SGD 0.9018
NZD/CHF 0.6296
NZD/HKD 5.1849
NZD/THB 22.6745
NZD/ZAR 8.2694
NZD/DKK 4.5235
NZD/SEK 5.6817

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

Stocks

All Ord 5528
DOW 17730
NASDAQ 5009
FTSE 6586
NZSE 5841

Commodities

Gold 1169
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

Markets awaited the Greek referendum result, with little movement in equities, bonds or currencies, with the spectacular exception of the AUD! The AUD crashed through 6 year lows and triggered stop losses around technical levels. The commodity dependent currency has been under extreme pressure from the RBA and commodity prices. The AUD dropped below 0.7600, during domestic trade, despite strong New Vehicle Sales. Retail Sales were lower, but the Greek crises is taking its toll and when stop losses were triggered, the international markets sold out of the currency. The AUD is now trades below 0.7500 with very nervous importers. The RBA makes its latest interest rate decision Tuesday, with expectations of a hold, as previous cuts are having the desired effect on the currency and the domestic economy. Global markets remained focused on the Greek referendum result. A 'No' result may result in the 'Grexit' which is open to interpretation. The EUR is expected to test parity, but a Grexit may be a good thing for the single currency, short term. Long term this could result in the collapse of a failed idealistic dream.

Headlines

6/7 AUD Job Ads, UK House Prices, Japan Leading Index, German Factory Orders, German Composite PMI, EU Retail PMI, US Composite PMI, US Non-Maufacturing

7/7 NZ Business Sentiment, Australia Consumer Confidence, RBA Rate Decision, German Industrial Production, UK Industrial/Manufacturing Production, UK Trade

8/7 Japan Current Account, Japan Trade, US Weekly Mortgage Applications, Fed Minutes

9/7 NZ Credit Card Spending, China CPI/PPI, Australia Employment, German Current Account, German Trade Exports/Imports, Bank of England Rate Decision

10/7 NZ Home Sales, Yellen Speaks

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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.