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.

New Zealand

NZD/USD 0.7004
NZD/GBP 0.5249
NZD/EUR 0.5953
NZD/AUD 0.9147
NZD/JPY 79.0189
NZD/CAD 0.9006
NZD/SGD 0.9450
NZD/CHF 0.6935
NZD/HKD 5.4800
NZD/THB 22.8421
NZD/ZAR 9.1824
NZD/DKK 4.4381
NZD/SEK 5.9526

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

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

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.