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

Exchange Rates updated 23/11/2014 12:19:31 p.m.

New Zealand

NZD/USD 0.7873
NZD/GBP 0.5024
NZD/EUR 0.6352
NZD/AUD 0.9081
NZD/JPY 92.8654
NZD/CAD 0.8852
NZD/SGD 1.0232
NZD/CHF 0.7625
NZD/HKD 6.1144
NZD/THB 25.8347
NZD/ZAR 8.6288
NZD/DKK 4.7261
NZD/SEK 5.8774

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

Stocks

All Ord 5302
DOW 17707
NASDAQ 4696
FTSE 6679
NZSE 5527

Commodities

Gold 1192
Oil 75

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 elongated and tortured demise of the EURO continued. ECB President, Draghi, promised further asset purchases if the current QE program failed. This was a gut-punch to the EUR, which tumbled down to 1.2390, while the GBP slipped to 1.5650 with mainstrem politics is dissarray! China cut interest rates in an effort to stem the stall in growth as emerging markets and Europe stall. Japan is deep in recession again and the world should be worried. Central bank intervention is the sugar equity markets have thrived on. Commodity currencies were boosted by these moves from China and interest rate differentials supported the associated currencies. The AUD moved back to 0.8670 while the KIWI again tests 0.7900. The coming week wil focus on growth with GDP numbers and Inflation data. US Housing and Sentiment will also drive daily markets. Central bank policy remains the main driver while Geopolitics is a constant threat.

Headlines

24/11 NZ Migration, German IFO Business Climate, Chicago Fed National Activity Index, US Services/Composite PMI, Dallas Fed Manufacturing Activity

25/11 Australia Consumer Confidence, RBNZ Inflation Report, German GDP, German imports/Exports, OECD Economic Outlook Report, US GDP, US S&P Case-Shiller Home Price Index, US Consumer Confidence, Richmond Fed Manufacturing Index

26/11 Australia Construction, Australia Consumer Sentiment, UK GDP, UK Exports/Imports, US Weekly Mortgage Applications, US Durable Goods Orders, US Weekly Jobless Claims, Chicago PMI, University of Michigan Confidence, US Pending Home Sales, US New Home Sales

27/11 NZ Trade Exports/Imports, Australia New Home Sales, German Employment, EU Economic/Industrial/Consumer Confidence, German Consumer Confidence, German CPI

28/11 NZ Building Permits, Japan Employment, Japan CPI, Japan Industrial Production, Japan Retail, NZ Business Confidence, German Retail Sales, EU Employment, Eu CPI

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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.