MARKET UPDATE 21-Nov-18

In the forex market today, the US Dollar Index went broadly higher as investor sentiment once again moved downwards. Equities and key commodities – including oil faced declines as traders recoiled across the board. All major U.S. benchmarks fell more than 1.5 percent.

On the data front, U-S Building permits declined last month and their homebuilding completions were the lowest in a year.

Meanwhile, New Zealand’s Global Dairy Trade price index fell 3.5%, compared to the previous auction. This was a record straight decline for the 12th time, and weighed on heavily on the commodity-sensitive Kiwi.

FX Rates – 21.11.18

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