The New Zealand dollar weakened against other major currencies in the Asian session on Monday, as Asian stock markets are mostly lower on Monday following the negative cues from the Wall Street and European markets, as well as the tumble in crude oil prices Friday. Investors are in a cautious mode ahead of the US Federal Reserve’s monetary policy meeting later this week.
Crude oil futures retreated Friday, giving back strong gains from earlier in the week amid concerns that next week’s OPEC meeting will fail to address the global supply glut.
Meanwhile, the International Monetary Fund maintained its global growth projections for this year and 2018, and raised outlook for China.
The articles are for information purposes only and Invest for Property shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.
Invest for Property does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.
Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.