A quick update on the global market.
The US dollar edged higher this morning after 3 straight days of losses, as investors booked profits on their short currency bets.
Households will be cutting back on purchasing new vehicles and other items as US retail sales fell to 0.2% versus the 0.1% previously.
The New Zealand dollar skidded this morning after mixed economic growth data cemented bets on interest rates. Gross Domestic product in the December quarter was undermined by imports, particularly of capital goods, while dairy exports were hampered by unusually hot and dry weather.
AUD strengthened this morning against Fiji dollar and tonight will be their Reserve Bank’s Assistant Governor’s speech
Another quite day expected for tomorrow, so we’ll see how the Fiji dollar opens against the currency basket in the morning.
& that’s all for now…..Vinaka