MARKET UPDATE 16 – MAY – 17

Looking at this week’s major economic announcements. We have the European GDP (Month on Month) tonight, which is expected to stay at 1.7%
Tomorrow morning we have the US Building Permits (Month on Month) which is expected to increase from 1.26M to 1.27M.
A little closer to home, Australia has their Westpac Consumer Confidence Index tomorrow mid-day (May) currently standing at -0.7% without concensus.
And in New Zealand we have their Producer Price Index Input and Output for their first quarter expected to stay at 1% and 1.5% respectively.
All of these news will have an effect on our Fijian dollar as it is pegged against these basket of currencies and we’ll see its effects in the coming days.

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