A quick update on the global market.
The U.S Dollar has been slightly weaker this morning, which follows Friday’s losses against most major currencies and pressure from data showing persistently low wages that will likely constrain the U.S Federal Reserve from raising interest rates more than 3 times this year.
Upcoming US data for today includes the monthly and yearly Consumer Price Index for Food & Energy for the month of Feb.
Australian dollar has strengthened while New Zealand dollar weakened this morning against our Fiji dollar.
An interesting day expected for tomorrow as we’ll see how the US data releases will affect how the Fiji dollar opens against the currency basket in the morning.
And that’s all for now…..Vinaka