MARKET UPDATE 12-Apr-18

Looking at the markets today:

Was a rather busy morning with important economic releases. The US March CPI printed a little softer than expected result. Their annual core rate was up from 1.8% to 2.1%. They also released their March Federal Open Market Committee minutes. It showed that policymakers felt that the US economy would firm further and that inflation would rise in the coming months.

In other updates, the Reserve Bank of New Zealand Assistant governor presented a speech on their economic outlook during the day. In that he talked about employment stability on top of inflation. Australia released its Consumer Inflation Expectation for April. It declined slightly to 3.6 percent from the previous 3.7 percent, and after that Investment Lending for Homes only lifted by 0.5 percent, a decline from the previous 1.1 percent.

All this caused some movement in our currency basket, and that is coming up next.

FX Rates 12.04.2018

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