MARKET UPDATE 09-May-18

A quick look at the markets:

The US dollar was on a strong footing this morning after US President Donald Trump’s announcement that the US was pulling out of the 2015 Iranian deal.

Meanwhile, the Australian government said in its annual budget released that it would return the country’s finances to a small surplus in the next financial year, after almost a decade of deficits.

Tonight we have upcoming announcements on New Zealand’s Monetary Policy and Interest Rate Decision and US Producer price Index for April.

So we will wait to see how these announcements will impact our Fiji dollar currency basket in the morning.

FX Rates 09.05.18

 

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