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

Exchange Rates updated 2/04/2015 3:09:07 a.m.

New Zealand

NZD/USD 0.7432
NZD/GBP 0.5025
NZD/EUR 0.6906
NZD/AUD 0.9763
NZD/JPY 89.2015
NZD/CAD 0.9416
NZD/SGD 1.0169
NZD/CHF 0.7198
NZD/HKD 5.7691
NZD/THB 24.1945
NZD/ZAR 8.9845
NZD/DKK 5.1647
NZD/SEK 6.4238

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

Stocks

All Ord 5862
DOW 17878
NASDAQ 4926
FTSE 6773
NZSE 5834

Commodities

Gold 1184
Oil 48

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

Equity markets gave up part of the previous days gains while investors ponder the reality of the global economic situation. Corporate earnings are on the decline in the US, as energy shares are hit hard by the plunge in commodity prices, lead by Oil. Earnings have also been greatly impacted by the rise in the Dollar which translates into lower repatriated foreign earnings. Overnight news that Home Prices continued a steady improvement and Consumer Confidence was buoyant, did little to improve enthusiasm for equities, increasing hawkish prospects from the Fed. Markets remain completely corrupted by Central Bank interventionism and move according to monetary policy prospects and realities. The Dollar moved north on improving economic data, with the EUR slipping to 1.0735, while the GBP cashed in on improved economic data to stabilise around 1.4850. UK GDP growth inched up to 3% and Consumer Confidence also reflected a distortion from the EU. EC prospects continue in the doldrums with high unemployment and negative inflation reflecting the state the worlds second largest economy is in. The rise in the reserve hit the commodity currencies further, with the AUD sliding to 0.7600, while the NZD traded 0.7465. NZ Building Permits contracted 6.3%, adding to the supply issues driving the housing bubble, while Consumer Confidence grows with household equity. The start of a new financial year in NZ will bring some apprehension with sluggish commodity prices and relatively high interest rates. We can expect to see cuts from the RBNZ, this coming year, reflecting the soft economy and trading partner interest rate differentials. The gap in rates will continue to support the local currency assuming continued global QE.

Headlines

30/3 German Retail Sales, EU Consumer Confidence, German CPI, US Personal Income/Expenditure, US Pending Home Sales, Dallas Manufacturing Activity

31/3 NZ Building Permits, Australia New Home Sales, German Retail sales, NZ Business Confidence, German Employment, Italy Employment, UK GDP, UK Current Account, EU Employment, EU CPI, Case-Shiller Home Price Index, Chicago PMI, US Consumer Confidence

1/4 Australia PMI, Japan Tankan Reoprt, Australia Building Approvals, China Manufacturing PMI, France/Italy/German/UK/EU Manufactruing PMI, US Weekly Mortgage Applications, ADP Jobs Report, US Manufacturing PMI, US Construction Spending, US ISM Manufacturing

2/4 NZ House Prices, NZ Commodity Prices, Australia Trade, Challenger Jobs Report, US Factory Orders

3/4 Japan Composite PMI, Non-Farm Payrolls, US Employment

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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.