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

Exchange Rates updated 18/12/2017 5:48:26 p.m.

Australia

AUD/USD 0.7650
AUD/GBP 0.5733
AUD/EUR 0.6502
AUD/NZD 1.0911
AUD/JPY 86.2968
AUD/CAD 0.9836
AUD/SGD 1.0321
AUD/CHF 0.7575
AUD/HKD 5.9848
AUD/THB 24.9460
AUD/ZAR 10.0282
AUD/DKK 4.8470
AUD/SEK 6.5009

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

Stocks

All Ord 6087
DOW 24652
NASDAQ 6936
FTSE 7490
NZSE 8361

Commodities

Gold 1256
Oil 57

Australia

au

Collinson & Co Pty Ltd

Phone 1800 143 415

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

+64 9 918 9312

Commentary

US equity markets closed the week out at record highs. The proposed US tax cuts may be signed in to law by Christmas. This inspired markets and looks set to trigger new rallies in the New Year. Confidence in the US is surging as the economy booms and corporate tax cuts will enhance this. The EUR traded 1.1750, while the GBP drifted to 1.3320, still impaired by 'Brexit' negotiations. Commodity currencies have regained some previously lost ground, with the AUD dipping back to 0.7630, while the NZD failed to breech 0.7000. The last week before Christmas will move away from Central Bank speculation, towards growth, trade and confidence. Markets should close at record highs, assuming the US Tax reform passes, as expected. The exception will be the release of the RBA minutes which will expose the Banks sentiments regarding the state of the Australian economy and their planned monetary policy.

Headlines

18/12 Japan Trade Exports/Imports, NZ Dairy Acction, NZ Consumer Confidence, EU CPI, NAHB House Market Index

19/12 NZ Consumer Confidence, Australia Consumer Confidence, RBA Minutes, German IFO Business Report, US Housing Starts, US Building Permits, US Current Account

20/12 NZ Trade Exports/Imports, NZ GDP, Australia Leading Index, EU Current Account, US Existing Home Sales

21/12 Philly Fed Survey, US GDP, US Weekly Jobless Claims, Chicago Fed National Activity Index, US House Price Index, US Leading Index, EU Consumer Confidence

22/12 German Consumer Confidence, France GDP, US Personal Income/Spending, US Durable Goods Orders, US New Home Sales, University of Michigan Confidence, Kansas City Fed Manufacturing Index

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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.