Edit Content

Market Update 17/01/2025

Welcome to our daily market update, where we help keep you informed on the latest happenings in the world of FX. If you have any questions or would like anything further explained, please don’t hesitate to reach out to your account manager or email info@cafx.com

Wall Street showed overall weakness, closing with Nasdaq down 0.5%, S&P 500 down 0.2%, and Dow Jones down 0.1%. The U.S. 10-year Treasury yield fell 5 basis points to 4.61%, while crude oil dropped 1.6% to $78.75 per barrel.

The dollar generally strengthened before the New York open, with AUD/USD hitting a new low of 0.6192 and NZD/USD falling to 0.55845. It then began to weaken. Later, data was released showing U.S. December retail sales grew 0.4%, below the expected 0.6%. Weekly jobless claims data was mixed. The Philadelphia Fed Business Outlook Survey rose to a near 4-year high of 44.3, far exceeding expectations of -5.0. The dollar’s reaction to the data was muted, continuing to weaken, partly influenced by dovish Fed comments, with USD/JPY falling to a low of 155.11.

Asian stock markets closed higher, with the Nikkei up 0.3%, Hang Seng up 1.2%, and Shenzhen up 0.1%. Australia’s ASX index rose 1.4%, led by gains in the financial and real estate sectors.

European stock markets followed Asia’s strength, with Stoxx 50 up 1.1%, CAC 40 up 1.4%, DAX up 0.3%, and FTSE 100 up 0.6%.

 

Here are the latest mid-market rates:

Currency Pair Mid-market Rate
NZD/USD 0.5606
NZD/AUD 0.9024
NZD/JPY 86.98
NZD/CNY 4.1166
NZD/EUR 0.5441
NZD/GBP 0.4589
NZD/HKD 4.3650
NZD/SGD 0.7655

 

Char of the day

Facebook
Twitter
LinkedIn