NZD Drops After RBNZ Cuts Interest Rates, Indices Drop Worldwide
September 10, 2015 6:06 am
US Indices fell yesterday after waning shares in Apple and energy companies, which dropped in line with the oil markets. On Wall Street, stocks fell yesterday with the tech heavy Nasdaq dropping 1.15%, the Dow Jones down 1.45% and the S&P finishing 1.39% lower.
Dollar Yen is currently trading at around the $120.6 level, with little change from yesterdays figures. EUR/USD is currently trading steady on the day around 1.1211. The New Zealand Dollar fell by close to 2% after the Reserve Bank of New Zealand cut its benchmark rate by 25 basis points to 2.75%, NZD/USD is currently trading around 0.62620.
Over in the Asian markets, uninspiring Chinese and Japanese data increased worries on global growth. The Shanghai Composite Index closed down by 1.39% after poor PPI data was released, at –5.9%. The Japanese Nikkei fell after muted machinery orders, and is currently down 2.51%.
In commodities, West Texas Intermediate crude is trading at $44.04 per barrel, down on the day after the poor data from Asia weighed in on prices. Brent Crude is trading around $47.31 barrel. Early morning trading has Gold trading at $1106.3 per ounce, down 0.07%.
No 4 British supermarket Morrison’s posted another fall in first-half profit and cautioned that its turnaround would take time and require sustained investment. It opened down 3.3% this morning.
US Indices fell yesterday after waning shares in Apple and energy companies, which dropped in line with the oil markets. On Wall Street, stocks fell yesterday with the tech heavy Nasdaq dropping 1.15%, the Dow Jones down 1.45% and the S&P finishing 1.39% lower.
Dollar Yen is currently trading at around the $120.6 level, with little change from yesterdays figures. EUR/USD is currently trading steady on the day around 1.1211. The New Zealand Dollar fell by close to 2% after the Reserve Bank of New Zealand cut its benchmark rate by 25 basis points to 2.75%, NZD/USD is currently trading around 0.62620.
Over in the Asian markets, uninspiring Chinese and Japanese data increased worries on global growth. The Shanghai Composite Index closed down by 1.39% after poor PPI data was released, at –5.9%. The Japanese Nikkei fell after muted machinery orders, and is currently down 2.51%.
In commodities, West Texas Intermediate crude is trading at $44.04 per barrel, down on the day after the poor data from Asia weighed in on prices. Brent Crude is trading around $47.31 barrel. Early morning trading has Gold trading at $1106.3 per ounce, down 0.07%.
No 4 British supermarket Morrison’s posted another fall in first-half profit and cautioned that its turnaround would take time and require sustained investment. It opened down 3.3% this morning.
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