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

Exchange Rates updated 28/08/2014 12:50:05 a.m.

New Zealand

NZD/USD 0.8363
NZD/GBP 0.5036
NZD/EUR 0.6342
NZD/AUD 0.8951
NZD/JPY 87.0142
NZD/CAD 0.9130
NZD/SGD 1.0438
NZD/CHF 0.7658
NZD/HKD 6.4884
NZD/THB 26.7274
NZD/ZAR 8.9155
NZD/DKK 4.7329
NZD/SEK 5.8156

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

Stocks

All Ord 5635
DOW 17117
NASDAQ 4574
FTSE 6823
NZSE 5196

Commodities

Gold 1284
Oil 94

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 9312

Commentary

US Economic data continued to support the growing confidence in the markets, with the S&P breaking above the '2000' for the first time. Durable Goods orders surged 22.6%, led by a boom in aircraft orders, while Consumer Confidence jumped the most seen in six years. This follows promising recent data from the housing sector, supporting the Fed ending QE and considering interest rate rises sooner rather than later. The Dollar will be a long term beneficiary of the Fed Monetary Policy change. The EUR weakened further, to 1.3175, while the GBP traded 1.6550. NZ Trade data deteriorated with exports plunging while imports remained steady. Commodity prices have not been great and the high interest rate policy, supporting the NZD, has not helped. This is severely denting the 'rock star' shine and raising questions over monetary policy. The KIWI slipped after the news, dropping to 0.8330, while the AUD stubbornly held on to the 0.9300 big figure. Geo-Political developments remain the biggest threat to currency moves and Central Bank reaction to this and other economic events.

Headlines

25/8 German IFO Business Climate, Chicago Fed National Activity Index, US Market Composite PMI, US New Home Sales, Dallas Fed Manufacturing Activity

26/8 NZ Trade Balance, NZ Exports/Imports, China Leading Index, US Durable Goods Orders, S&P Case-Shiller Home Price Index, Richmond Fed Manufacturing Index

27/8 NZ Food Prices, Australia Consumer Sentiment, German Consumer Confidence, US Weekly Mortgage Applications

28/8 Australia New Home Sales, German Employment, EU Economic/Industrial/Consumer Confidence, German CPI, US GDP, US Weekly Jobless Claims, US Pending Home Sales, Kansas City Fed Manufacturing Activity

29/9 NZ Building Permits, Japan CPI, Japan Retail Sales, Japan Industrial Pmoduction, NZ Business Confidence, Italy Employment, EU Employment, EU CPI, Italy GDP, US Personal Income, University of Michigan Confidence, CHicago 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.