Collinson FX Market Commentary- August 12 2014 - NZ Credit Card dead
by Collinson FX on 13 Aug 2014
Collinson FX market Commentary: August 12, 2014
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Mark rounding - RNZYS Winter Series, August 2, 2014 Richard Gladwell www.photosport.co.nz
The rebound in equities continued to begin the new week amongst light economic data releases. With little to drive the markets on the economic front Geo-Political issues become front and center.
The Dollar stabilized, with threats on multiple fronts, the EUR trading 1.3385 and the GBP 1.6790.
NZ Credit Card spending was dead, which is a further reflection of the impact Monetary Policy is having on the economy.
The KIWI remains supported by interest rate differentials trading 0.8450 while the AUD drifted back to 0.9260.
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