MARKET UPDATE 23-Jan-19

The global mood was risk-off today, boosting investor interest in safe-haven assets, including

gold.

A downward revision of 2019 economic growth by the International Monetary Fund weighed

on sentiment, as did signs of rising tension between the US and China.

On the data-front, New Zealand released its 4th Quarter inflation numbers. The CPI came in

higher than forecast.

Focus this week is now expected to shift to the World Economic Forum annual meeting in

Davos. Numerous policy makers are gathering there to discuss geopolitical tension and the

trade war.

FX Rates 23.01.19

 

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