INDEPENDENT NEWS

XE Morning Update

Published: Tue 18 Feb 2020 09:14 AM
The Kiwi opens at 0.6438
As can often happen during a US holiday, the Market has traded tight ranges. We remain in a holding pattern, waiting for direction.
The Pound was again the biggest mover, albeit not by much. The initial optimism of the new Economic Chancellor Javid being stimulatory has been offset by Boris Johnson looking for the budget to be cut by 5%. However I wouldn’t be too stressed about a Politician calling for budget cuts, and I imagine it’s not something Johnson wants to die in a ditch over.
Out of Australia we have the Monetary Policy Meeting minutes at 1:30 NZT. The recent Statement was fairly upbeat, so the Market will be looking for something similar in the minutes.
German Economic sentiment is also out late tonight. Usually something that may not be so closely watched, with Germanys recent poor GDP print, a miss here could really add weight to the European slow down story.
Global equity markets are mixed, - Dow -0.09%, S 500 +0.18%, FTSE +0.33%, DAX +0.29%, CAC +0.27%, Nikkei -0.69%, Shanghai +2.28%
Gold prices are flat, trading at $1,5380 an ounce. WTI Crude Oil prices are up slightly, gaining 0.4% to $52.37 a barrel

Next in Business, Science, and Tech

Funding For R&D; In New Zealand – Expert Reaction
By: Science Media Centre
COVID-19: NZ Joins Global Initiative Keeping Ports Open And Freight Moving
By: Maritime New Zealand
National Backs Businesses With $10k JobStart
By: New Zealand National Party
Government Exempts Some Home Improvements From Costly Consents
By: New Zealand Government
The New Zealand Herald Named Newspaper Of The Year, Website Of The Year At Voyager Media Awards
By: New Zealand Media and Entertainment
ASB Takes The Lead Again With New Low Home Loan Interest Rate
By: ASB Bank
The Problems With Testing And Case Statistics For Covid-19
By: Nathan Hoturoa Gray
Fletcher Building to lay off 1000 staff in New Zealand
By: RNZ
Driving prompt payments to small businesses
By: New Zealand Government
On Why We Should Legally Protect The Right To Work From Home
By: Gordon Campbell
Supporting Kiwi businesses to resolve rent disputes
By: New Zealand Government
Understanding 5G Concerns – Expert Q&A;
By: Science Media Centre
Record Monthly Surplus As Imports Dive
By: Statistics New Zealand
Bar reopening night 'much, much quieter'
By: RNZ
New Zealand’s population passes 5 million
By: Statistics New Zealand
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media