MARKET UPDATE 17-May-18

The US dollar stood tall against a basket of currencies this morning, as the Euro retreated to a five-month low on concerns the political development in Italy could cause wider disruptions in the common currency bloc.

Australia released Consumer Inflation Expectation data for May at 3.7percent… followed by their unemployment rate for April at 5.60 percent. Australia’s Employment change for April stood at 22.6k versus the previous 4.9k.

Meanwhile, New Zealand announced their Budget earlier this morning laying a plan for transformation.

US will print their jobless numbers for May tomorrow. So we’ll wait and see how these releases together with the New Zealand Budget release will impact our Fiji dollar tomorrow morning.

FX Rates 17.05.18

 

 

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