MARKET UPDATE 24-Apr-18

The US dollar had put on a compelling show….as the US 10yr treasury yield was extending its recent surge to just below the 3.00% mark, which is the highest since Jan 2014.

For the data released early morning, their Existing Home Sales for March came in at 5.60 million while their Markit Services PMI was higher than expected at 54.4.

As for the other currencies…..Australian consumer prices released today showed a mixed picture, with the headline inflation coming in below expectations. However, the annualized figure remained unchanged at 1.9 percent.

Meanwhile, New Zealand Visitor Arrivals in March was at 13% from previous 11.4.

The impact of these releases on our Fiji Dollar is coming up next.

FX Rates 24.04.18

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