Market Update 27th March 2018

It’s been fairly quiet in the forex market today with the absence of any major economic data.
The Fiji dollar strengthened against the US dollar by 17 basis points this morning.
The Japanese Yen, often viewed as the safe haven currency in times of market turbulence and economic uncertainty slipped as the US dollar was up 0.62 percent.
The Australian new home sales figures were released early this morning followed by the Reserve Bank of Australia’s assistant governor’s speech.
Another quite day expected for tomorrow, so we’ll see how the Fiji dollar opens against the currency basket in the morning.

FBC FX Rates 27.030.18

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