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

Exchange Rates updated 24/10/2014 4:02:09 a.m.

New Zealand

NZD/USD 0.7832
NZD/GBP 0.4884
NZD/EUR 0.6189
NZD/AUD 0.8928
NZD/JPY 84.5069
NZD/CAD 0.8806
NZD/SGD 0.9979
NZD/CHF 0.7464
NZD/HKD 6.0812
NZD/THB 25.3663
NZD/ZAR 8.6015
NZD/DKK 4.6114
NZD/SEK 5.6931

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

Stocks

All Ord 5373
DOW 16507
NASDAQ 4397
FTSE 6400
NZSE 5280

Commodities

Gold 1244
Oil 81

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 ongoing threat of terror attacks was highlighted overnight with an attack by a gunman at the parliament building in the Canadian city of Ottawa (still developing). Geopolitical issues kill confidence and spread fear through the markets. The Dow fell, in lock-step with commodity prices. Oil prices continue the march lower with falling demand and apparent conflict among the usually solid OPEC. The EUR fell to 1.2640 while the GBP slipped to 1.6050. The CPI in the US was steady on 1.7%, reflecting the lack of growth but not cost of living, as it should. Inflation data in the US does not include energy prices and other fundamentals to real costs to the citizens. Australian inflation was also benign, holding steady on 2.3%, and just 0.5% for the quarter. Australian CPI contains energy and this quarter included the fall in electricity prices as a result of the removal of the maligned 'carbon tax'. The AUDUSD held steady at 0.8780 while the NZDUSD traded around 0.7915. Geopolitical issues remain a serious threat to stability and market confidence. The NZD will today be lead by the Q3 CPI data out at 10.45am, expectations are for a dip to 1.2%q/q. The NZD currently trades 0.6255 and 0.4915 against the EUR and GBP, slight gains on yesterdays opening and both look to be good buying at these levels.

Headlines

20/10 NZ Consumer Confidence, German PPI, EU Current Account

21/10 NZ Migration, Australia Consumer Confidence, RBA Minutes, China Retail Sales, China Industrial Production, China GDP, EU Debt/GDP, US Existing Home Sales

22/10 Australia Leading Index, Australia CPI, Bank of England minutes, US Weekly Mortgage Applications, US CPI

23/10 NZ CPI, Australia Business Confidence, China Manufacturing PMI, German/EU Maunfacturing and Services PMI, UK Retail Sales, Chicago Fed National Activity Index, US Weekly Jobless Claims, US House Price Index, US manufacturing PMI, US Leading Index, EU Consumer Confidence, Kansas City Fed Manufacturing Activity

24/10 NZ Trade Exports/Imports, German Consumer Confidence, UK GDP, US new Home Sales

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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.