Market Update 16-Feb-17

The economic data released for United States this morning for the period 12 months through January, included their inflation which beat expectations and recorded their biggest increase in nearly four years. It rose to 2.5 percent from an expected 2.4.
Their retail sales as well increased to 0.4 percent from 0.1, marking the fifth consecutive month of higher consumer spending.
The only disappointment in the US economic data was their industrial production which declined by 0.3 percent.
US stocks rose to another record after the data was released.
The Fijian dollar against the US dollar strengthened by 0.19 percent today which benefitted most of our US currency importers.

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