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Market summary

20 Sep 2020, 9:07 NZT

Morning report

Global markets were broadly in the red after investors had time to digest yesterday afternoon's policy update from the US Federal Reserve, which indicated a slow economic recovery and continued low interest rates.

FX Rates

As at 20 Sep 2020, 9:07 NZT

NZD vs Rate
Australian Dollar 0.927
Canadian Dollar 0.892
Euro 0.571
British Pound 0.523
Hong Kong Dollar 5.238
Japanese Yen 70.665
U.S. Dollar 0.676

Rates are indicative only. They are for interbank transactions and calculated at the mid-point.

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