MARKET UPDATE 03 – MAY – 17

New Zealand’s unemployment data was better than expected today reducing to 4.9% from the expectation that it would stay at 5.2%.
Also their employment change increased from 0.7% to 1.2% above expectation of 0.8%.
This led to a mid-day strengthening of the kiwi dollar on the trading platform.
Throughout tonight, we have the United States ADP Employment Change for April which is expected to decrease from 263K to 180K.
We also have the US Federal Reserve’s Interest Rate Decision expected to stay at 1% off the back of weak US data.
Tomorrow mid-day Australia’s Trade balance for the month of March is expected to stay at 3,574M.
All of these will have an effect on our basket of currencies which the Fijian Dollar is pegged against.

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