Market Update 30/12/2024

December 30, 2024

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 closed the week on a weaker note, with the Nasdaq down 1.5%, the S&P 500 falling 1.1%, and the Dow Jones declining 0.8%. U.S. 10-year Treasury yields rose 5 basis points to 4.63%, while crude oil increased 1% to $70.30 per barrel. AUD/USD traded in a narrow range of 0.6201/0.6226 before closing near 0.6215.

• Asian equities ended the week with mixed performance. The Nikkei rose 1.8%, the Hang Seng remained flat, and the Shenzhen index fell 0.2%. Following the post-holiday session, the ASX 200 finished 0.5% higher, driven primarily by gains in consumer discretionary and financial sectors.

• European markets fared slightly better at the close. The CAC 40 ended the day up 1%, the DAX gained 0.7%, and the FTSE 100 closed 0.2% higher.

Upcoming Events to Monitor

• CH – Dec. Manufacturing PMI

• CH – Dec. Non-Manufacturing PMI

• US – Oct. FHFA House Price Index MoM

• US – Dec. MNI Chicago PMI

Here are the latest mid-market rates:

Currency Pair	Mid-market Rate
NZD/USD	0.5635
NZD/AUD	0.9062
NZD/JPY	88.90
NZD/CNY	4.1093
NZD/EUR	0.5404
NZD/GBP	0.4481
NZD/HKD	4.3710
NZD/SGD	0.7646

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Market Update 30/12/2024

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