Go Back  British Expats > Partner Forums > HiFX - International Currency Transfers
Reload this Page >

Weekly Currency Update GBP/NZD - Week ending 19th February

Weekly Currency Update GBP/NZD - Week ending 19th February

Old Feb 21st 2010, 10:41 pm
  #1  
BE Enthusiast
Thread Starter
 
Joined: Dec 2004
Posts: 524
Windsor2 will become famous soon enoughWindsor2 will become famous soon enough
Default Weekly Currency Update GBP/NZD - Week ending 19th February

Hi All,

As promised here’s a brief update on what’s been happening with the NZD Dollar over the last week.

Producer input prices (+0.3% q/q) rose slightly in the December quarter as wholesale inflation was pushed up by rising milk and electricity costs; however year-on-year prices have fallen by 3.3%. Output prices fell by 3.8% from a year earlier with meat and meat product prices leading the decline as export demand has dipped. Overall the report showed little inflationary pressure to concern the RBNZ and no reason for interest rate hikes before June. Markets have had to adjust interest expectations quite dramatically as a series of weak economic releases, including the jobless rate hitting a 10-year high, have put chances of the first rate hike back from March to the long stated RBNZ preferred month of June. Building Consents and Business confidence will be watched but international news is likely to be the main driver for markets again this week.


GBP/NZD Movement – High’s & Low’s of last week (15/02/10 – 19/02/10)
High’s: 2.2546
Low’s: 2.2062

A movement of:2.19%

Difference on £200k

High: NZD 450,920
Low: NZD 441,240

Difference of: NZD 9,680

Whilst FX isn't the most thrilling of subjects, the sooner you begin to think about your money transfers, the more likely you are to make your money go further.

A further update will be added next week.

Regards



Mark Bodega
HiFX
Windsor2 is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Manage Preferences - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Your Privacy Choices -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.