MARKET UPDATE 18-Apr-18

Forex today was once again governed by corporate earnings season and positive reports making for higher stocks…

The US dollar held to modest gains of the back of upbeat US data. Their industrial production again has beaten expectations, rising 0.5% in March. But, lingering caution over US-China trade tensions confirmed currencies to narrow ranges.

Meanwhile, New Zealand’s Global Dairy Trade Price Index climbed 2.7 percent when prices for whole milk powder, their main export and the most-traded item at the auction, rose 0.9 percent.

Exciting morning is expected tomorrow as we await Canadian Interest rate decision and the inflation numbers for New Zealand, Euro zone and Great Britain.

So let’s see how it will affect our Fiji dollar basket in the morning.

FX Rates 18.04.18

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