HiFX - Latest News [Page 24]
HiFX Morning Update, June 8 2017
Thursday, 8 June 2017, 9:05 am | HiFX
The NZD has had mixed fortunes over the past 24hrs with the AUD the standout performer on the back of a better-than-expected Q1 GDP report, and the CAD the worst performing of the G10 currencies weakening on the back of plummeting oil prices. More >>
HiFX Morning Update, June 7 2017
Wednesday, 7 June 2017, 8:53 am | HiFX
The JPY has been the best performing currency over the past 24hrs as investors offload risk in favour of safe havens. The shift to safe havens started yesterday afternoon on the announcement that a number of Middle Eastern countries had severed ties with ... More >>
HiFX Morning Update, June 6 2017
Tuesday, 6 June 2017, 9:07 am | HiFX
Friday’s disappointing US jobs report has seen broad-based USD weakness with the NZD consolidating close to 0.7150. The US nonfarm payroll report for the month of May came in well below the market’s expectations pushing the US dollar index (DXY) ... More >>
HiFX Morning Update, June 2 2017
Friday, 2 June 2017, 9:19 am | HiFX
The NZDUSD opens a little lower at 0.7062 this morning. More >>
HiFX Morning Update, June 1 2017
Thursday, 1 June 2017, 8:48 am | HiFX
The NZDUSD is attempting to push back above 0.7100 as I type, after stretching to a high of 0.7117 following yesterday’s business confidence data release. More >>
NZ Business Confidence Release
Wednesday, 31 May 2017, 1:31 pm | HiFX
The ANZ Business Confidence figures for May have just been released. The figures were better than expected overall. The Business Confidence came stronger +14.9% in May v +11.0 % in April Firms’ own activity outlook was +38.8% in May v 37.7% in ... More >>
RBNZ Financial Stability Report
Wednesday, 31 May 2017, 9:29 am | HiFX
The RBNZ has just released its Financial Stability Report. The key points made in the report & comments are: New Zealand’s financial system remains sound and the risks facing the system have reduced in the past six months More >>
HiFX Morning Update, May 31 2017
Wednesday, 31 May 2017, 9:08 am | HiFX
Ahead of this morning’s RBNZ financial stability report the NZD has managed to extend its gains against all its rivals. Overnight Germany’s economic data releases disappointed with both their monthly import prices and preliminary CPI for the month ... More >>
HiFX Morning Update, May 30 2017
Tuesday, 30 May 2017, 9:11 am | HiFX
The Kiwi opens higher against all its major competitors in what was a relatively quiet night in the markets with Bank Holidays in the U.S., China and the U.K More >>
HiFX Morning Update, May 29 2017
Monday, 29 May 2017, 8:37 am | HiFX
The Kiwi opens higher against all its major competitors except the Japanese Yen, and above key psychological level of 0.7000 versus the U.S. dollar More >>
HiFX Morning Update, May 26 2017
Friday, 26 May 2017, 8:52 am | HiFX
The Kiwi opens modestly lower against most currencies but is up against the AUD and CAD. For the week the Kiwi is up 1.3% against the USD and EUR, up 1.5% versus the AUD, up 1.8% versus the JPY, and is up 2.0% against the Pound. More >>
NZ Budget Release - NZD little changed
Thursday, 25 May 2017, 2:48 pm | HiFX
The NZ Budget for 2017 has just been released. The key budgetary points are: NZ Govt forecasts average GDP growth of 3.1% over next five years NZ Govt forecasts GDP peak of 3.8% in 2019 NZ Govt forecasts unemployment rate drop to 4.3% by 2020 NZ Govt ... More >>
HiFX Morning Update, May 25 2017
Thursday, 25 May 2017, 8:38 am | HiFX
The NZDUSD opens at 0.7048 (mid-rate) this morning. Markets traded tight ranges ahead of this morning’s FOMC minutes with the Dollar Index (DXY) edging higher. Overall the latest FOMC minutes contained few surprises. The market is now pricing ... More >>
HiFX Data Update - NZ April Trade Balance Release
Wednesday, 24 May 2017, 11:10 am | HiFX
The NZ Trade Balance for April has just been released. They came in better than expected (i.e. larger surplus): NZ Trade Balance: Trade Balance (Apr) $578 mio Surplus Consensus $310mio Surplus - Imports (Apr) $4.17bio - Exports (Apr) $4.75bio Trade ... More >>
HiFX Morning Update, May 24 2017
Wednesday, 24 May 2017, 8:41 am | HiFX
The NZD continues to outperform, extending yesterday’s gains against all its main rivals, with the NZDUSD rate trading to a high of 0.7041. Investors remain in a cautious mood and will look to tomorrow’s Fed minutes for further hints about a US rate ... More >>
HiFX Morning Update, May 23 2017
Tuesday, 23 May 2017, 9:02 am | HiFX
The NZDUSD opens at 0.6991 (mid-rate) this morning. The NZD has started the week as the strongest of the G10 currencies having outperformed all of its rivals. Late yesterday the NZD broke up through its 0.6950 resistant level against the USD and ... More >>
HiFX Morning Update, May 22 2017
Monday, 22 May 2017, 8:25 am | HiFX
The NZDUSD opens at 0.6931 (mid-rate) this morning. In the absence of any notable US economic data releases currency markets traded in an orderly fashion on Friday with the USD remaining under pressure due to political uncertainty surrounding the ... More >>
HiFX Morning Update, May 19 2017
Friday, 19 May 2017, 8:18 am | HiFX
Global equity markets continued lower with North America the exception. The USD found some strength on a suspected terror act in New York as a car, at speed, mounted the curb and ploughed into pedestrians. The New York Police have the driver in custody ... More >>
HiFX Morning Update, May 17 2017
Wednesday, 17 May 2017, 9:21 am | HiFX
The NZDUSD opens at 0.6883 (mid-rate) this morning. This morning’s Global Dairy Trade auction has had little effect on the NZD, with the EUR and JPY outperforming all other G10 currencies. Prices at this morning’s Global Dairy Trade auction have ... More >>
HiFX Morning Update, May 16, 2017
Tuesday, 16 May 2017, 8:40 am | HiFX
The NZDUSD opens at 0.6877 (mid-rate) this morning. The NZD is trading a little higher against the majority of its rivals,benefiting from yesterday’s better-than-expected retail sales data. The report showed Q1 retail sales spiked a seasonally adjusted ... More >>