Collinson FX market Commentary: August 12, 2014 Click here to find out how to get CollinsonFX's free iPhone app
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. For more on Collinson FX and market information see:
www.collinsonfx.com and www.collinsonwealthmanagement.com
Countries: | NZ: 0800 338 838 | AU: 1800 143 415 | NY: 1888 6257 833 | UK: 0800 0285 834 | Disclaimer: The details expressed in this website and accompanying documents or transmissions are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Collinson Forex Ltd accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the information contained or related to this site.