Collinson FX Market Commentary - Nov 3 - NZD sleeps after big win
by Collinson FX on 3 Nov 2015
Sundreamer - 2015 PIC Coastal Classic Richard Gladwell
www.photosport.co.nz
Collinson FX Market Commentary - Nov 3 - NZD sleeps after big win Click here to find out how to get Collinson FX's free iPhone app
Nov 3 -Equity markets booked some gains to commence a huge week of global economic data releases. China kicked the week off, with the important Manufacturing PMI remaining below the important 50% expansionary mark, reaffirming the slowing in growth.
European PMI was steady, allowing some gains in equity markets, pushing the EUR to 1.1030 and the GBP to 1.5420. Australian Manufacturing PMI dipped, but Building Approvals continued to march on, up over 21% for the year!
The AUD booked gains, pushing up to 0.7125, while the NZD slept after a big weekend. The KIWI traded 0.6830, but the local World Champions did not mind!
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