MARKET UPDATE 03-May-18

A quick look at the markets:

Big surprise came in for Aussie during the day as Australia printed better-than-expected trade balance figures. Their Trade surplus was higher in March, beating estimates and reaching its highest in almost a year to $1.53 billion AUD. Both their imports and exports increased by 1%.

However, New Zealand’s Commodity Price dipped from previous 1.2% to 1% in April.

In other news, the Unites States Federal Reserve left their interest rates unchanged at 1.75%, a move that was widely expected. The Fed officials reiterated that it plans to continue to raise rates gradually. As inflation is said to have moved close to its target range.

FX Rates 03.05.18

 

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