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HiFX Morning Update, October 21 2016

Published: Fri 21 Oct 2016 09:22 AM
HiFX Morning Update, October 21 2016
NZDUSD 0.7201 -0.4%
NZDEUR 0.6586 0.0%
NZDGBP 0.5874 -0.3%
NZDJPY 74.86 0.2%
NZDAUD 0.9434 0.7%
NZDCAD 0.9512 0.2%
The NZDUSD opens at 0.7201 (mid-rate) this morning.
The NZD has traded an 84 point range against the USD in the last 24 hours and opens just 0.4% lower, however the Kiwi is up 0.7% against the AUD after its worse than expected Employment data yesterday afternoon.
The Australian Labour Force data showed a decrease of 9800 jobs when +15000 was expected, the unemployment rate slipped from 5.7% to 5.6%, and the participation was down to 64.5% worse than market expectation of 64.8%.
The European Central Bank kept its quantitative-easing program and interest rates unchanged as suspense builds up over a possible extension of bond-buying later this year.
In August 2016 the current account of the euro area recorded a surplus of €29.7 billion.
In the week ending October 15, the advance figure for seasonally adjusted initial claims was 260,000, an increase of 13,000 from the previous week's revised level.
Results from the October Manufacturing Business Outlook Survey suggest that regional manufacturing conditions continued to improve as the index prints at 9.7 better than the 5.2 expected.
Global equity markets are mixed - Dow -0.11%, S 500 -0.14%, FTSE +0.07%, DAX +0.52%, CAC +0.44%, Nikkei +1.39%, Shanghai -0.01%.
Gold prices are flat currently trading at $1,266 an ounce, WTI Crude Oil gave up most of yesterday’s gains down 2.5% at $50.40 a barrel.
ends
HiFX
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HiFX is one of the largest foreign exchange and international payment specialists in the world, managing over $30 billion on behalf of over 100,000 clients worldwide every year.
Large enough to undertake the biggest transactions, yet small enough to care about each and every one – send and receive overseas payments and manage your account anytime, anywhere. HiFX gives you the flexibility you need to transfer money quickly and easily via a secure online platform 24 hours a day, seven days a week - making moving money as easy as 1,2,3.
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