Market Update – 10-03-17

A look at the performance of our basket of currency this week over a 7 day moving average. We had a stronger average US Dollar this week when compared to last week by 48 pips at 0.4691.

The AUD weakened this week by 13 pips standing at an average of 0.6185 from last week. The NZD weakened by 127 pips this week standing at 0.6692 on average. The JPY was slightly stronger this week by only 0.006 standing at 52.80.

The EUR strengthened by 53 pips at 0.4453 The dollar continues to strengthen and gold dipping to a five-week low on Thursday, with analysts expecting further losses as investors await the biggest news next week. The US Federal Reserves expected interest rate hike.

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