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

Exchange Rates updated 30/07/2015 3:54:13 p.m.

New Zealand

NZD/USD 0.6631
NZD/GBP 0.4245
NZD/EUR 0.6042
NZD/AUD 0.9071
NZD/JPY 82.3565
NZD/CAD 0.8599
NZD/SGD 0.9081
NZD/CHF 0.6416
NZD/HKD 5.1460
NZD/THB 23.2697
NZD/ZAR 8.3468
NZD/DKK 4.5069
NZD/SEK 5.7264

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

Stocks

All Ord 5610
DOW 17755
NASDAQ 5111
FTSE 6631
NZSE 5871

Commodities

Gold 1097
Oil 49

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 FOMC confirmed that an interest rate rise was in the pipeline for later this year. The Fed observed the Labour market had improved to such an extent that a rate rise is probable. The Chinese stock market crash and the Greek crises had both threatened the global economy which could negatively impact the US. The Chinese crises is far from over, but perhaps this will not contaminate the greater economy, thus global markets. The US appears to be moving to raise rates but the Dollar did not reflect this as they left rates unchanged. The Fed have been reluctant to commit and have allowed excuses to permeate their language. The EUR hovered around 1.1000, while the GBP traded around 1.5600. Commodity demand remains weak but the associated currencies continued to rebuild, with the AUD breaking back to 0.7300, while the NZD pushed above 0.6650. Central Banks, more particularly the Fed, control currencies and bonds which react to economic data and global economic crises. There appears to be a plethora of reasons to defer any interest rate rise!?

Headlines

27/7 China Industrial Profits, German IFO Business Climate, U.S. Durable Goods Orders, Dallas Fed Manufacturing Activity Index

28/7 Australia ANZ Consumer Confidence, China Leading Index, UK GDP, S&P Case Shiller Home Price Index, U.S. Composite PMI, U.S. Consumer Confidence, Richmond Fed Manufacturing Index

29/7 German Consumer Confidence, U.S. Weekly Mortgage Applications, U.S. Pending Home Sales, FOMC Rate Decision

30/7 NZ Building Permits, Japan Industrial Production, Australian Building Applications, German Employment, EU Consumer Confidence, U.S. GDP Revision

31/7 Japan CPI, NZ Business Confidence, German Retail Sales, EU Employment, EU CPI, Canada Employment, Chicago PMI, University of Michigan Confidence, Chinese Manufacturing PMI

Your Comments/Questions

Collinson contact form

(required)
(required)
(required)
(required)
(required)
(required)

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.