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

New Zealand

NZD/USD 0.6913
NZD/GBP 0.5213
NZD/EUR 0.5947
NZD/AUD 0.9370
NZD/JPY 75.8740
NZD/CAD 0.9149
NZD/SGD 0.9360
NZD/CHF 0.6858
NZD/HKD 5.4331
NZD/THB 22.6672
NZD/ZAR 9.5842
NZD/DKK 4.4382
NZD/SEK 6.1351

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

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

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

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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.