The financial market seems to be back to normal today. Panic and fear has been prevailing for the past few weeks due to trade wars and global politics.
On the macroeconomic front, Australia released a disappointing trade balance figure. The value of exports fell 2 per cent to $34.2 billion, while imports were flat at $33.4 billion. Recording a Trade balance surplus of $977 million against $1 billion forecast.
Meanwhile, the US trade deficit narrowed to $46.2 billion in April. As their exports surged to a record high of $211.2 billion. While imports of goods and services slipped 0.2 percent to $257.4 billion
The Euro area would be releasing their Trade Balance and GDP numbers tonight….so let’s see what impact these releases would have on our Fiji dollar rate setting.