MARKET UPDATE 27-DEC-2018

With investors returning from the Christmas holiday, major equity indexes started the day on a positive note to reflect a higher appetite for risky assets.
There are no domestic events scheduled and instead, markets will remain thin into the New Year and will likely be dominated by political headlines ahead of the nonfarm payrolls data from the US at the start of January.
Aussie dollar has been recovering overnight as US markets opened following a day off from Christmas Day as stocks and risk appetite bounced back supporting the higher betas such as the Aussie.
The Kiwi has drifted sideways in a quiet Asian session in the holiday season as traders drift in back to their desks ahead of the weekend and New Year celebrations around the corner.

FBC FX Rates 27.12.18

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