MARKET UPDATE 14-Dec-18

Asian shares were on the defensive today as investors kept a wary eye on economic tensions between Washington and Beijing.

The Euro held steady against the US dollar last night after the European Central Bank, as expected, haltered new bond purchases and promised to maintain policy support for the Euro due to risks from trade tensions, Brexit and budget woes from Italy and France.

Data released last night stated that the U.S. federal government ran a $205 billion deficit in November compared to the expected $188 billion.

Meanwhile, manufacturing activity in New Zealand slowed slightly in November but remained around its long-term average levels.

FX Rates 14.12.18

 

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