MARKET UPDATE 25-Apr-18

A quick look at the markets…

The US dollar index hit a three-month high against a basket of currencies, as the 10-year US Treasury yield hit a 3.00% range with their housing and consumer confidence both coming in as robust.

The low Australian first quarter inflation and falling Wall Street keep the sentiment negative on the Aussie dollar. Otherwise, it was a fairly quiet day for our Aussie Kiwi counterparts as both the countries had holiday to mark ANZAC day today.

However, we are looking forward to a few important data releases tomorrow. These include, March Trade balances for both Australia and New Zealand, Euro Zone’s Interest and Deposit rate decisions and April jobless data for the US.

It will be interesting to see how these releases will impact our Fiji dollar basket later tomorrow.

FX Rates 25.04.18

 

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