INDEPENDENT NEWS

XE Morning Update

Published: Thu 13 Feb 2020 09:17 AM
The NZDUSD opens at 0.6461 (mid-rate) this morning.
The NZD surged higher yesterday afternoon following an upbeat monetary policy statement from the RBNZ.
The Reserve Bank are confident economic growth will accelerate over the second half of 2020 and that the infrastructure investment from the government will help fuel that growth. The Reserve Bank has a neutral bias for the OCR in 2020 which now includes a pencilled in hike in 2021.
Sentiment continues to improve with the continued slowdown in the rate of growth in new coronavirus cases and as such global equity markets along with risk linked currencies have outperformed.
The EUR is the worst performing of the G20 currencies falling to its lowest level against the USD since May 2017 as investors position their books for the ECB to cut rates again this year in an effort to stimulate their slowing economic activity.
Global equity markets continue to rise, - Dow +0.69%, S 500 +0.53%, FTSE +0.47%, DAX +0.89%, CAC +0.83%, Nikkei +0.74%, Shanghai +0.87%
Gold prices are little changed trading at $1,568 an ounce. WTI Crude Oil prices have surged higher currently up 2.3% at $51.59 a barrel.

Next in Business, Science, and Tech

Snail's pace: Aucklanders face frustrating commute over Harbour Bridge
By: RNZ
COVID-19 Sees Record 12.2 Percent Fall In New Zealand’s Economy
By: Statistics New Zealand
Scientists Release ‘Blueprint’ To Save Critical Ecosystems And Stabilize The Earth’s Climate
By: Joint Press Release
Independent Review Launched Into Assurances For Safe Transport Of Livestock By Sea
By: Ministry For Primary Industries
New Zealand PC Market Grows Nearly 40% Due To Work From Home Demand
By: IDC New Zealand Ltd
Public Transport Distancing Requirements Relaxed
By: Ministry of Health
New Zealand Hemp Industry Set To Generate $2 Billion Per Annum And Create 20,000 Jobs
By: New Zealand Hemp Industries Association Inc
One In 14 Employed People Report High Risk Of Losing Jobs
By: Statistics New Zealand
ASB Quarterly Economic Forecast Shows NZ Economy Doing Better Than Expected, But Challenges Remain
By: ASB
Live Export Ship Carrying 5,800 New Zealand Cows Goes Missing In East China Sea
By: SAFE
FMA Releases Report Into Active And Passive Fund Management
By: Financial Markets Authority
Engineers Assess Damage To Auckland Harbour Bridge After Truck Strike
By: NZ Transport Agency
Motorists Urged To Avoid Damaged Auckland Harbour Bridge
By: NZ Transport Agency
Harbour Bridge: Public Transport A Great Option And Plan Ahead
By: Auckland Transport
Second Harbour Crossing Needed Now, More Than Ever
By: New Zealand National Party
View as: DESKTOP | MOBILE © Scoop Media