HiFX Morning Update, July 21 2016

HiFX Morning Update, July 21 2016

NZDUSD 0.7024 -0.4%
NZDEUR 0.6375 0.3%
NZDGBP 0.5319 -1.1%
NZDJPY 75.11 0.5%
NZDAUD 0.9389 0.0%
NZDCAD 0.9167 -0.2%

The NZDUSD opens at 0.7024 (mid-rate) this morning.

The NZD had a quiet night while still projecting a negative tone for the week, and still managed to trade a 50 point range.

The six month annualised growth rate in the Australia’s Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, rose from –0.37% in May to –0.14% in June.

EUR Current Account was better than expectation of EUR 24.9 Billion at EUR 30.8 Billion. German PPI was the same as previous at 0.4% and also better than the market expectation of 0.2%

UK Unemployment fell to 4.9% from 5% previously.

Global equity markets broadly higher: Dow +0.24%, S&P 500 +0.42%, FTSE +0.47%, DAX +1.61%, CAC +1.15%, Nikkei -0.25%, Shanghai -0.29%.

Gold prices are lower, currently down 1.1% or $15 at $1,317 an ounce, WTI Crude Oil is down 0.7% currently trading at $44.94 a barrel.

ends

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