MARKET UPDATE 13-Jun-18

The market jitters are somewhat at ease today after President of the US the North Korean leader pledged to work towards peace on the Korean Peninsula.

Investors are now turning their attention to the major central bank meetings coming up. The U.S. inflation figures – which came in this morning, were in line with estimates. Their CPI was up a tic to 2.8% year on year, which was enough to keep their yields and the greenback supported ahead of their policy statement tomorrow.

With a rate increase almost fully priced in, investors are rather focused on the Fed’s statement wording, economic projections and press conference for clarification on the future pace of interest rate hikes.

Meanwhile, Australian consumer sentiment picked up in June after two straight monthly declines. As consumers felt more confident about their current and future family finances.

FBC FX Rates 13.06.18

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