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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