MARKET UPDATE 11-Apr-18

All of the major currencies traded higher as U.S. stocks extended their gains. Investors were relieved that Chinese President Xi refrained from escalating trade tensions in his speech last night…

He instead talked about the possibility of lowering trade tariffs on autos and tightening enforcement on intellectual property.

On the economic data front, the US wholesale prices rose by 0.3% in March, with core reading hitting 7-year highs. This indicates widespread inflationary pressure in the economy with revived hope for faster Fed monetary policy tightening.

For our Ausie counterparts, their consumer sentiment index fell 0.6 percent in April, from 0.2 percent seen in March.

All this had implications on our Fiji dollar, and Rachel will have more details on that up next….

Vinaka……

FX Rates 11.04.18

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