Market Update – 31-05-17

Looking at our economic calendar..
The USD weakened today from yesterday by 12pts. This was due to their core personal consumption expenditure figure which reduced to 1.5% from 1.6%.
Coupled with their economic data is Trump’s shake up of his administration as he considers wider staff changes to contain the political damage from investigations into Russia and his presidential campaign.
This was after communications director, Mike Dubke resigned his job with no apparent reason after serving for only 3 months.
The high risk platform are driving foreign investors to the safe haven currency Japanese Yen as they came out with strong factory output at the fastest pace in almost six years, adding to growing signs of improvement in the economy. The Japanese yen opened 5pts stronger today against the Fijian Dollar.

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