MARKET UPDATE 07-Mar-18

Let’s have a look at our latest in global markets today.

The US dollar extended its latest retreat in Asia last night, after a key advocate of free trade in the White House announced his resignation when President Donald Trump would go ahead with tariffs.

Closer to home, Australia held its Interest Rate Decision at 1.5%. Performance of Construction Index for Feb was released at 56.0 vs 54.3. Aussie Gross Domestic Product figures dropped this morning and traders are waiting to see the latest growth numbers.

New Zealand has the best importer rate today after the release of Global Dairy Trade Price Index at 0.4% versus -0.6%.

Upcoming for today is US Unit labour costs, Nonfarm Productivity and Labour productivity figures. We’ll see how the data reacts to the currency against FJD basket.

And that’s all for now…..Vinaka

FX Rates 07.03.18

 

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