Market Update 29th March 2018

The US dollar rebounded further from a five-week low, supported by quarter-end flows as US investors also shook off fears of a trade war where the Global markets were shaken this month when US President Donald Trump moved to impose tariffs on Chinese Goods and Beijing threatened similar measures.
The bounce in the US dollar came a bit early with traders likely looking to flatten up the books ahead of the long Easter weekend.
Closer to home, there is no major announcements from Australia and New Zealand. However, Fiji dollar weakened against Australia and strengthened against New Zealand dollar.
Upcoming US data for today includes US Personal Income & Spending, Core personal consumption expenditure for the month of Feb, Initial jobless claims and US continuing jobless claims for March.

FBC FX Rates 29.03.18

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