Weekly Currency Update - GBP/NZD Week ending 6th November
Hi All,
As promised here’s a brief update on what’s been happening with the New Zealand Dollar over the last week. RBNZ (Reserve Bank of New Zealand) Governor Bollard’s warnings about the vulnerability of the NZ economy the week before were brought into sharp focus as the Unemployment Rate (6.5%) hit its highest level for 9 years; the economy shed 17k jobs in Q3 and the Governor reaffirmed his view that the haul out of recession will be slow and vulnerable. Manufacturing and Retail Sales will give further clues to Q4 economic momentum this week. GBP/NZD Movement – High’s & Low’s of last week (02/11/09 – 06/11/09) High’s: 2.3099 Low’s: 2.2587 A movement of 2.27% Difference on £200k High: 461,980 NZD Low: 451,740 NZD Difference of: 10,240 NZD 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 Director - HiFX |
All times are GMT. The time now is 4:49 pm. |
Powered by vBulletin: ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.