MARKET UPDATE 16-Mar-18

Thank you.

A quick look at the markets today.

The US dollar fell for a second straight session this morning as traders brace for next week’s Federal open market committee meeting, where the US Central bank is expected to raise interest rates for the first time this year. The greenback found support from upbeat US data.

EUR investors remain focused on the Bank of England policy meeting next week and the summit where Britain will strike a transition deal to cover its relation after Brexit in March 2019.

Closer to home, Australia and New Zealand dollars both weakened against our Fiji dollar this morning.

Also we have major events outlined for next week for our major trading currencies and will see how market reacts to the releases.

& that’s all for now…..Vinaka

FX Rates 16.03.18

 

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