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Exchange Rates updated 25/05/2018 7:14:47 PM

United States

USD/GBP 0.7476
USD/EUR 0.8535
USD/AUD 1.3215
USD/NZD 1.4444
USD/JPY 109.3873
USD/CAD 1.2903
USD/SGD 1.3391
USD/CHF 0.9910
USD/HKD 7.8443
USD/THB 31.9388
USD/ZAR 12.4709
USD/DKK 6.3644
USD/SEK 8.7702

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

Stocks

All Ord 6144
DOW 24811
NASDAQ 7424
FTSE 7716
NZSE 8591

Commodities

Gold 1304
Oil 70

USA

us

Collinson & Co Inc

Phone 1888 625 7833

For 24 hour GT platform support, please call Neven Fisher on:

+64 9 918 9312

Commentary

President Trump cancelled the North Korean 'peace summit', scheduled for June 12th, citing the NOKO leaders 'tremendous anger and hostility'. He stated the US military was ready if necessary! This may be part of the negotiating process.

Meanwhile President Trump signed a banking deregulation bill into law. This repealed much of the regulation post-GFC, in the form of the 'Dodd-Frank' bill, but for only small to medium sized institutions. The deregulation has been a major driver in the US economic recovery. The Dollar drifted, with the EUR pushing back above 1.1700, while the Yen traded 109.30.

German trade contracted, with falls in both Exports and Imports, while GDP was static on 2.3%. US Home Sales were mixed, with an increase in House Prices, while Existing Home Sales contracted. The Kansas City Fed Manufacturing Activity reported solid gains.

Commodity currencies gains from the softer reserve, with the AUD trading up to 0.7570, while the NZD consolidated above 0.6900.

Headlines

21/5 NZ Migration, Japan Trade Exports/Imports, NZ Credit Card Spending, Chicago Fed National Activity Index

22/5 Richmond Fed National Activity Index

23/5 Australia Leading Index, France/German/EU Services/Manufacturing/Composite PMI, UK CPI, US Weekly Mortgage Applications, US Services/Manufacturing/Composite PMI, EU Consumer Confidence, US New Home Sales, FOMC Meeting Minutes

24/5 Japan Leading Index, German Trade Exports/Imports, German GDP, German Consumer Confidence, UK Retail Sales, US Weekly Jobless Claims, US House Price Index, Existing Home Sales

25/5 Japan CPI, OECD Economic Forecasts Report, German IFO Business Report, UK GDP, UK Trade Exports/Imports, US Durable Goods Orders, University of Michigan Sentiment

24/5

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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.