Market Update 30-05-17

Looking at our economic calendar for the next couple of days for the basket of currencies of which our Fijian Dollar is pegged against.
Tonight we have the E.U consumer confidence for May expected to stay at -3.3%.
Moving across the North Atlantic Ocean to United States.
They have their personal spending for the month of April expected to increase to 0.4%.
Also their Personal Income for April expected to increase from 0.2% to 0.4%.
If consensus are correct, the chances of an interest rate hike by the US federal reserves in June increases.
A positive US Data normally results in a stronger US Dollar in which we would expect a weaker New Zealand and Australian Dollar.

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