Forex today was filled with headlines………
Looking at earlier session releases…The Eurozone March headline inflation dipped slightly to 1.3%. However, their core-inflation remain unchanged at 1.0%. Bank of Canada held its policy rate unchanged at 1.25%.
Meanwhile, the US dollar held steady this morning, supported by higher long-term US treasury yields on improving investor appetite for risk assets.
While closer to home, New Zealand’s Consumer Price Index rose 0.5 percent in March, leaving the inflation just off the bottom of the Reserve Bank of New Zealand’s target range of 1 to 3 percent.
Australian Unemployment for March decreased slightly to 5.5percent even as the economy added only 4900 jobs.
Our Fiji dollar is pegged to a trade weighted basket of currencies and the impact of these releases on Fiji dollar is coming up next….