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

Exchange Rates updated 19/06/2018 6:08:26 PM

Australia

AUD/USD 0.7371
AUD/GBP 0.5558
AUD/EUR 0.6341
AUD/NZD 1.0651
AUD/JPY 80.8928
AUD/CAD 0.9755
AUD/SGD 0.9980
AUD/CHF 0.7312
AUD/HKD 5.7925
AUD/THB 24.1666
AUD/ZAR 10.2182
AUD/DKK 4.7318
AUD/SEK 6.5409

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

Stocks

All Ord 6212
DOW 24964
NASDAQ 7741
FTSE 7631
NZSE 8974

Commodities

Gold 1278
Oil 65

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

A shortage of substantial economic data releases overnight, allowed markets to re-focus on the looming trade war, specifically with regards China and the USA. The US imposed tariffs on China, $50 Billion in relation to Tech and IP theft, with the aim to reduce this. The Chinese have indicated retaliatory action, although the Americans have warned against this response, threatening to raise the ante!

The EUR pushed back above 1.1600, while the GBP traded 1.3240, amidst further 'Brexit' pressures. The AUD slipped back towards 0.7400, while the NZD traded 0.6925, ahead of important trade and growth numbers later in the week. Commodity currencies are very vulnerable to any escalation in trade wars, as they are very trade dependent, thus increasing the impact to the domestic economies. Trade will play a major role in markets, especially when there is a dearth of substantial global economic data, although global events overtake the narrative quickly.

Headlines

18/6 UK House Prices, Japan Trade, Exports/Imports, NZ Dairy Auction, NAHB House Market Index

19/6 NZ Consumer Credit, Australia Consumer Confidence, Australia House Prices, RBA Minutes, EU Current Account, US Housing Starts and Building Permits

20/6 NZ Current Account, Bank of Japan Minutes, US Weekly Mortgage Applications, US Current Account, US Existing Home Sales

21/6 NZ GDP, Bank of England Rate Decision, US Weekly Jobless Claims, Philly Fed Survey, US Home Price Index, US Leading Index, EU Consumer Confidence

22/6 NZ Migration, Japan CPI, Japan Manufacturing PMI, NZ Credit Card Spending, France GDP, France/German/EU Manufacturing/Services/Composite 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.