MARKET UPDATE 23-Mar-18

Looking at our global markets.

In US, Initial Jobless Claims released by the US Department of Labour as at March 16, 2018 was 229000, 3000 more than the previous of 226000.

The US Housing Price Index released by the Federal Housing Finance Agency yesterday was estimated at 0.8% versus previous of 0.4%.

Our Fiji dollar weakened against the US currency this morning and strengthened against both Australia and New Zealand currencies. Also there was no major announcements for neither Australia nor New Zealand.

We have major events outlined for next week for our major trading currencies and will see how market reacts to the releases.

FX Rates 23.03.18

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