Let’s see what’s impacting our currency basket today….
The United States Trade Balance for February came out last night…. Their Trade Deficit widened even further to $57.6 Billion with both exports and imports rising to record highs.
US initial jobless claims also saw an increase of 24,000 to end at 242,000 for the month of March. Despite these, the greenback was in better shape as risk takes off ahead of nonfarm payrolls.
Focus also shifts to labour data in the US and Chairman Powell’s speech on the economic outlook over the weekend.
Meanwhile, both the Ausie and Kiwi lost some grounds off the back of marginal movement in the US dollar