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

Exchange Rates updated 25/11/2014 12:49:23 p.m.

New Zealand

NZD/USD 0.7852
NZD/GBP 0.4996
NZD/EUR 0.6310
NZD/AUD 0.9115
NZD/JPY 92.9548
NZD/CAD 0.8855
NZD/SGD 1.0230
NZD/CHF 0.7594
NZD/HKD 6.0971
NZD/THB 25.7971
NZD/ZAR 8.6513
NZD/DKK 4.7065
NZD/SEK 5.8572

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

Stocks

All Ord 5349
DOW 17801
NASDAQ 4745
FTSE 6730
NZSE 5472

Commodities

Gold 1197
Oil 76

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 drifted in mixed trade with little in the way of economic releases overnight. The initial burst of confidence flowing from Central bank activity from China and jawboning from Europe. ECB President Draghi committed to 'raising inflation as fast a possible' through Monetary Policy and called on fiscal action from member nations. The important German IFO reported improving business confidence which boosted the much maligned EURO. The single currency bounced to 1.2430 while the GBP jumped to 1.5700. These are likely dead-cat bounces as the EUR drifts towards 1.2000! Commodity currencies gave up some of last weeks gains, with the KIWI falling back to 0.7850, while the AUD was the big loser. The AUDUSD fell to 0.8615 impaired by the reality of the Chinese interest rate cut. The cut was due to a slow down in Chinese economic activity and thus slower commodity demand. Economic data releases will increase tonight so be prepared for more activity in the coming days. The KIWI currently trades 0.7835, down on yesterday.

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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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.