•   
  •   

Money Australia, New Zealand dollars supported by global commodity demand

08:02  04 january  2018
08:02  04 january  2018 Source:   reuters.com

Israel's ambassador seeks meeting with Lorde over cancelled Tel Aviv concert

  Israel's ambassador seeks meeting with Lorde over cancelled Tel Aviv concert Israel's ambassador to New Zealand has asked pop star Lorde to meet with him after she cancelled a show in Tel Aviv.Her decision came amid calls from pro-Palestinian activists to shun Israel as a protest against its treatment of Palestinians.

The New Zealand dollar faded a touch to US

Australia, New Zealand dollars near multi-week peak on metals, carry trades

  Australia, New Zealand dollars near multi-week peak on metals, carry trades By Swati Pandey

HSBC says the Australian dollar will fly this year : Australia , New Zealand dollars underpinned by upbeat China manufacturing activity

Australia , NZ dollars supported by global commodity demand . [SYDNEY] The Australian and New Zealand dollars consolidated near multi-week highs on Wednesday as a spate of rousing factory surveys from around the globe seemed to bode well for the two countries

.7090, after topping out at US

Make reforms while sun shines on world economy: Lagarde

  Make reforms while sun shines on world economy: Lagarde International Monetary Fund chief Christine Lagarde has urged France and other countries to push through reforms "while the sun is shining" on the global economy.In an interview with France's Le Journal du Dimanche published Sunday Lagarde said the strength of the global economic recovery had taken the IMF by surprise.

The Australian dollar has risen to a 29-year high against the US dollar as demand for commodities continues to grow. The recent natural disasters in Australia , New Zealand and Japan had seen a sharp fall in market sentiment as investors worried about their impact on regional and global growth.

1 New Zealand dollar ( NZ $) = 100 cents. Fiscal year. New Zealand 's Closer Economic Relations agreement with Australia means that the economy aligns closely with that of Australia . Since then, commodity prices have rebounded strongly, with strong demand from China and the international

.7130 overnight. JPMorgan's measure of global manufacturing gained another 0.6 point in December to reach 55.6, the strongest reading since February That in turn should be positive for commodity demand , and prices.

# Australia , # NZ dollars supported by global commodity demand http://bt.sg/nhP pic.twitter.com/wDaygVwCtU.

a close up of a sign: Illustration photo of a New Zealand Dollar note© REUTERS/Thomas White/Illustration Illustration photo of a New Zealand Dollar note The Australian and New Zealand dollars consolidated near multi-week highs on Wednesday as a spate of rousing factory surveys from around the globe seemed to bode well for the two countries' commodity exports.

The Aussie dollar (AUD=D4) was steady at $0.7826, having made a fresh three-month top at $0.7845 overnight. It faces stiff chart resistance at $0.7884 and $0.7898, twin peaks from October.

The New Zealand dollar faded a touch to $0.7090 (NZD=D4), after topping out at $0.7130 overnight.

JPMorgan's measure of global manufacturing gained another 0.6 points in December to reach 55.6, the strongest reading since February 2011.

Australia, New Zealand dollars underpinned by upbeat China manufacturing activity

  Australia, New Zealand dollars underpinned by upbeat China manufacturing activity The Australian and New Zealand dollars held firm on Tuesday as an unexpectedly upbeat survey of Chinese manufacturing activity and broad softness in their U.S. counterpart augured well for Antipodean commodity exports.The Aussie dollar (AUD=D4) made a two-month top of $0.7827 before running into resistance. The next chart targets are $0.7884 and $0.7898, both peaks from October. The kiwi held at $0.7102 (NZD=D4), just off last week's high at $0.7124.

The three currencies with the tightest correlations to commodities are the Australian dollar , the Canadian dollar and the New Zealand dollar . There are a number of reasons to explain the fall in oil prices, including a stronger dollar (since oil is priced in dollars ) and weaker global demand .

Head of Government: Prime Minister Bill English. Currency: New Zealand dollar ( NZD ). Since Australia is New Zealand ’s number one trade partner, the economic performance of Australia has a In recent history, commodity prices tend to surge when demand for riskier assets is also strong.

"With the forward-looking new orders increasing in similar fashion, the December survey paints a very upbeat picture for global manufacturing heading into the New Year," said JPMorgan economist David Hensley in a note.

That in turn should be positive for commodity demand, and prices. Iron ore futures, for instance, hit their highest since mid-September this week at $73.90 (TIOc1), having rebounded from a low near $58 in just a couple of months.

The Australian dollar© AAP Image/Joel Carrett The Australian dollar

Australia is the world's leading exporter of iron ore, and a major exporter of coal, gold, copper and liquefied natural gas.

Where does the future lie for cricket broadcasting in Australia?

  Where does the future lie for cricket broadcasting in Australia? Rupert Murdoch and Frank Lowy reacted wisely to seeing the Four Horsemen of the Apocalypse charging towards their empires. Major spectator sports have opened the stable door.The original horsemen, as written in Revelations in the New Testament, were Conquest, War, Famine and Death.

The Australian dollar , the Canadian dollar and the New Zealand dollar are considered NZD . New Zealand is primarily an agricultural- commodity -producing economy But still, it is highly sensitive to global performance, especially of its key trading partners, Australia , United States and Japan.

New Zealand's export mix is dominated by soft commodities, including dairy and timber, and has also been doing well from increased demand out of Asia.

A global auction of dairy overnight showed the sharpest rise in prices since May, though that was mainly due to tightened supplies from New Zealand itself, and had a limited impact on the kiwi.

The Global Dairy Trade Price Index (GDT) gained 2.2 percent at the first auction of the year, after the world's biggest dairy processor, Fonterra, dropped its forecast for New Zealand milk collection for the second time in as many months.

New Zealand government bonds (0#NZTSY=) slipped in line with global debt markets, pushing yields up around 4 basis points.

Australian government bond futures were likewise lower, with the three-year bond contract (YTTc1) off 2.5 ticks at 97.800. The 10-year contract (YTCc1) eased 5 ticks to 97.2650.

GoPro shares slump as it sacks 255 workers, slashes CEO's pay to $US1 .
GoPro announces extreme cost-cutting measures, which will see it axe at least 255 jobs worldwide, cut the pay of its CEO to US$1 and stop manufacturing drones.GoPro is planning to re-structure through a US$80 million cost-cutting program, which will see least 255 employees lose their jobs to achieve a headcount of "fewer than 1,000 employees worldwide".

—   Share news in the SOC. Networks

Topical videos:

This is interesting!